Robot arm technology by jarmoluk. Public domain via Pixabay
The fear of automation technology and its potential to displace a large portion of the global labor force is nearly ubiquitous. A 2018 survey from the Pew Research Center reports that almost 80 percent of respondents across 10 countries believe that robots and computers are likely to take over much of the work currently done by humans sometime in the next 50 years and this change will cause much more harm than good, including job loss and rising inequality.
A certain unease about technology is warranted as there is strong evidence that technological innovation causes some people to lose their jobs. However, there is no credible evidence that technological change – at any point in time – has led to a net decline in overall employment. Still, it’s only natural to wonder whether this time could be different.
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