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Could You Soon Lose Your Job to a Robot?
Is the increasing automation of our economy a threat to American wages and jobs? Should the American worker fear the rise of the robots? No, not really. Eighty years ago, John Maynard Keynes warned that society faced “a new disease” of “technological unemployment” in which the “means of economizing the use of labor [were] outrunning the pace at which we can find new uses for labor.” Much more recently, Michael Strain of the American Enterprise Institute wrote about how “robot workers could tear America’s social fabric.” Strain worries that machines could eliminate the livelihoods of millions of less-skilled workers…Read More
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