Description: A faltering economy explains much of the job shortage in America, but advancing technology has sharply magnified the effect, more so than is generally understood, according to two researchers at the Massachusetts Institute of Technology.
Date: Oct 23, 2011
Technology has always displaced some work and jobs. Over the years, many experts have warned — mistakenly — that machines were gaining the upper hand. In 1930, the economist John Maynard Keynes warned of a “new disease” that he termed “technological unemployment,” the inability of the economy to create new jobs faster than jobs were lost to automation.
But Mr. Brynjolfsson and Mr. McAfee argue that the pace of automation has picked up in recent years because of a combination of technologies including robotics, numerically controlled machines, computerized inventory control, voice recognition and online commerce. READ REST OF STORY
Questions for discussion:
- Do you agree with this articles thesis that machines will continue to displace jobs for human workers and that this is a long tem problem?
2. Do you agree with this statement? Why or Why not?scientific discovery,” they write, “the key to winning the race is not to compete against machines but to compete with machines.”