In 1930, the prominent British economist John Maynard Keynes had warned that we were “being afflicted with a new disease” called technological unemployment.

Today's worry about mass technological unemployment is nothing new and probably won't come to pass in its scariest imaginable form. Yet that's no reason for complacency.

English economist John Maynard Keynes in a 1930 essay, Economic Possibilities for our Grandchildren, wrote about the onset of “a new disease” which he called technological unemployment, that ...

As the authors write, “While the predictions of widespread technological unemployment were, by and large, wrong, we should not trivialize the costs borne by the many who were actually displaced.” ...

The US added 227,000 nonfarm payroll jobs to the labor market in November, while the unemployment rate ticked back up to 4.2% and average hourly earnings rose 0.4% month-over-month. "We have a ...

In an article for Bloomberg last month, Noah Smith notes that the hubbub about technological unemployment and falling wages is largely a lot of scary hand-wringing over what is possible rather ...

Technological unemployment is the concept of technology killing more jobs than it produces. While that fear has been considered a Luddite fallacy for the past 200 years, it is now becoming a stark ...

In short, technological advances had created more jobs overall. The argument—and the question of whether it is still true—remains pertinent in the age of AI.