Why Are There Still So Many Jobs? The History and Future of Workplace Automation
Abstract
In this essay, I begin by identifying the reasons that automation has not wiped out a majority of jobs over the decades and centuries. Automation does indeed substitute for labor—as it is typically intended to do. However, automation also complements labor, raises output in ways that leads to higher demand for labor, and interacts with adjustments in labor supply. Journalists and even expert commentators tend to overstate the extent of machine...
Paper Details
Title
Why Are There Still So Many Jobs? The History and Future of Workplace Automation
Published Date
Aug 1, 2015
Volume
29
Issue
3
Pages
3 - 30
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Notes
History