Why Mechanisation Does Not Cause Unemployment…
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While nominally the adoption of machines can result in job losses; across the economy itself mechanisation does not cause unemployment but in fact frees people up to do more productive work and provides a breadth of benefits that improve the living standards of everyone.
Mechanisation has often been misconstrued to provoke unemployment but this is a fallacy that has been slain time and time again by economists. If it were true, then surely by this point in technical advancement there would hardly be a job left …
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