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Why Worry About Automation?

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02.12.2019

LONDON – From the Luddite movement in the early nineteenth century to the writings of prominent economists like John Maynard Keynes and Wassily Leontief generations later, the prospect of automation has always raised serious concerns about jobs. Keynes and Leontief doubted there would be enough jobs left for workers to do. Today, facing an onrushing wave of digital automation, many share their unease.

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    The impact of today’s digital technologies on the labor market raises three questions. Will there be enough jobs for workers to do? Where will these jobs be? And will the compensation be high enough to avoid an increase in poverty and inequality?

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    © Project Syndicate