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Technological Unemployment

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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.

From the Essay Economic Possibilities for our Grandchildren, 1930

Date Added: 2018 Jul 09

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