Portable Wisdom

Technological Unemployment

We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come – namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.

— John Maynard Keynes, 1930

From the essay “Economic Possibilities for our Grandchildren”

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