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That technological change could cause quick-term job losses is broadly accepted. The view that it could possibly lead to lasting will increase in unemployment has long been controversial. Contributors within the technological unemployment debates may be broadly divided into optimists and pessimists. Optimists agree that innovation may be disruptive to jobs in the quick term, yet hold that numerous compensation results ensure there is by no means an extended-term unfavorable bid4papers review affect on jobs, whereas pessimists contend that no less than in some circumstances, new applied sciences can lead to a lasting decline in the total variety of workers in employment. The phrase “technological unemployment” was popularised by John Maynard Keynes within the 1930s, who mentioned it was a “only a brief section of maladjustment”. 1 But the problem of machines displacing human labour has been mentioned since at the very least Aristotle ‘s time.
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