TY - JOUR
T1 - Automation and Technological Change
T2 - The Outlook for Workers and Economies
AU - Forsythe, Eliza
N1 - Publisher Copyright:
© 2020, CESifo Forum. All Rights Reserved.
PY - 2020
Y1 - 2020
N2 - Since the advent of mechanization, predictions regarding the demise of jobs have accompanied each labor-altering technological advance. In 1930, John Maynard Keynes coined the phrase “technological unemployment” to express the idea that technological change may lead to gross and potentially permanent declines in employment (Keynes 2010). In recent decades, the rise of big data, machine learning and robotics promised a dramatic reorganization of industrialized economies, which always seems to be just around the corner. While past episodes of technological progress did not lead to permanent unemployment, many fear this time is different. Dire predictions have been made, such as a report by Frey and Osborne (2017) arguing that, with current and emerging technology, over 47% of all jobs stand to be automated in the coming decades.
AB - Since the advent of mechanization, predictions regarding the demise of jobs have accompanied each labor-altering technological advance. In 1930, John Maynard Keynes coined the phrase “technological unemployment” to express the idea that technological change may lead to gross and potentially permanent declines in employment (Keynes 2010). In recent decades, the rise of big data, machine learning and robotics promised a dramatic reorganization of industrialized economies, which always seems to be just around the corner. While past episodes of technological progress did not lead to permanent unemployment, many fear this time is different. Dire predictions have been made, such as a report by Frey and Osborne (2017) arguing that, with current and emerging technology, over 47% of all jobs stand to be automated in the coming decades.
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M3 - Article
AN - SCOPUS:85103642316
SN - 1615-245X
VL - 21
SP - 27
EP - 30
JO - CESifo Forum
JF - CESifo Forum
IS - 3
ER -