"If technology permanently puts people out of work then why, after centuries of new technologies, are there still so many jobs left?" — Harvard Business Review
"Technological change typically includes the introduction of labor-saving 'mechanical-muscle' machines or more efficient 'mechanical-mind' processes." — Wikipedia
"The displacement effects of technology became increasingly apparent. They're greater than I assumed." — Payments Journal
"Automation, which enables capital to replace labor in tasks it was previously engaged in, shifts the task content of production against labor." — Daron Acemoglu
"So-so automation is defined as automation that displaces workers with little or no productivity gain." — Payments Journal

economists on technological disruption

Explore related topics