The Rise of the Robots (Social Europe)
Submitted by David Forrest on February 20, 2013 – 8:37 pmNo Comment
Social Trend – In the early nineteenth century, David Ricardo considered the possibility that machines would replace labor; Karl Marx followed him. Around the same time, the Luddites smashed the textile machinery that they saw as taking their jobs. Then the fear of machines died away. New jobs – at higher wages, in easier conditions, and for more people – were soon created and readily found. But that does not mean that the initial fear was wrong. On the contrary, it must be right in the very long run: sooner or later, we will run out of jobs. For some countries, this long-run prospect might be uncomfortably close. So, what are people to do if machines can do all (or most of) their work? … Read more
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