Keynes Predicts Unemployment from Automation

We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come—namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.


He predicts technological progress will outrun the pace for which we can find new uses for labor in 1930.

Folksonomies: employment automation

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Great Depression (0.969311): dbpedia | freebase | yago
Keynesian economics (0.775530): dbpedia | freebase | yago
Beveridge curve (0.690307): dbpedia | freebase | yago
Macroeconomics (0.567771): dbpedia | freebase | opencyc
Unemployment (0.560700): website | dbpedia | freebase | opencyc
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Technological singularity (0.530460): dbpedia | freebase | yago

 Economic Possibilities for Our Grandchildren
Books, Brochures, and Chapters>Book:  Keynes , John Maynard (1987-04), Economic Possibilities for Our Grandchildren, Retrieved on 2012-01-04
  • Source Material []
  • Folksonomies: political science


    25 MAR 2013

     Automating Ourselves Out of Employment

    As we automate people out of work, how will will deal with the unemployment? The science fiction utopia of a post-scarcity society can't work in a Capitalist system. How will we deal with the fact that fewer and fewer monopolists will control all the resources and have less and less need for employees? Alternative Titles: The Post-Scarcity Distopia
    Folksonomies: employment automation
    Folksonomies: employment automation