Economists long argued that, just as buggy-makers gave way to car factories, technology would create as many jobs as it destroyed.
Now many are not so sure.
Lawrence H. Summers, the former Treasury secretary, recently said that he no longer believed that automation would always create new jobs. “This isn’t some hypothetical future possibility,” he said. “This is something that’s emerging before us right now.”
Erik Brynjolfsson, an economist at M.I.T., said, “This is the biggest challenge of our society for the next decade.”
more
http://www.nytimes.com/2014/12/16/u...=top-news&WT.nav=top-news&_r=0&abt=0002&abg=0
Now many are not so sure.
Lawrence H. Summers, the former Treasury secretary, recently said that he no longer believed that automation would always create new jobs. “This isn’t some hypothetical future possibility,” he said. “This is something that’s emerging before us right now.”
Erik Brynjolfsson, an economist at M.I.T., said, “This is the biggest challenge of our society for the next decade.”
more
http://www.nytimes.com/2014/12/16/u...=top-news&WT.nav=top-news&_r=0&abt=0002&abg=0
