Two schools of economists haggle over the ultimate impact of automation on employment.
The Neoclassicals soothe us with human resilience: jobs lost will eventually be balanced by new jobs found. The Neo-Luddites reply that technological advances have changed the rules, and many jobs will be lost forever.
“So, who is right? Nobody knows,” said Moshe Y. Vardi, the Karen Ostrum George Distinguished Service Professor in Computational Engineering at Rice University, who suggests we examine the past and present before drawing grand conclusions about the future.Vardi’s lecture, “Humans, Machines and Work: The Future is Now,” was sponsored by the Ken Kennedy Institute […]