Books, Brochures, and Chapters>Book:  Keynes , John Maynard (1987-04), Economic Possibilities for Our Grandchildren, Retrieved on 2012-01-04
  • Source 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
      1  notes

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

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