Why Worry About Automation?
In previous periods of technological displacement of workers, economists like John Maynard Keynes and Wassily Leontief worried that too few new jobs would be created to prevent higher long-term unemployment. Today, facing an onrushing wave of digital automation, many share their misplaced unease.
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HANGZHOU – From the Luddite movement in the early nineteenth century to the writings of prominent economists like John Maynard Keynes and Wassily Leontief generations later, the prospect of automation has always raised serious concerns about jobs. Keynes and Leontief doubted there would be enough jobs left for workers to do. Today, facing an onrushing wave of digital automation, many share their unease.