Books, Brochures, and Chapters>Book: Keynes , John Maynard (1987-04), Economic Possibilities for Our Grandchildren, Retrieved on 2012-01-04Source Material [www.econ.yale.edu]
Folksonomies: political science Memes
04 JAN 2012
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.Folksonomies: employment automation
Folksonomies: employment automation
He predicts technological progress will outrun the pace for which we can find new uses for labor in 1930.