February 19, 2013

Rise of the Robots: Does Work Have a Future?

Robert Skidelsky, The Guardian


AP Photo

What impact will automation – the so-called "rise of the robots" – have on wages and employment over the coming decades? Nowadays, this question crops up whenever unemployment rises.

In the early nineteenth century, David Ricardo considered the possibility that machines would replace labour; Karl Marx followed him. Around the same time, the Luddites smashed the textile machinery that they saw as taking their jobs.

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TAGGED: Robots

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