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Monday, June 2, 2014

Pessimism About Job Creation - And Job Survival - In An Automated World

"Automation, Robotization, Software-Enhanced Productivity and Permanent Job Loss"


Pessimism about labor-market prospects in an automated world. "Are we being too pessimistic about the future labor market prospects of human workers in a world in which the pace of automation is accelerating? I tend to think that the answer is yes, provided we allow for the emergence of new business models that give rise to new modes of consumption, which in turn will create new opportunities for human endeavor....If, as Brink Lindsey suggests, regulatory accumulation limits our ability to respond creatively to technological change, the wave of creative destruction that is already transforming the legal industry might make us better able to navigate the larger current." Reihan Salam in National Review.


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