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That technological change could cause brief-term job losses is broadly accepted. The view that it might result in lasting will increase in unemployment has lengthy been controversial. Participants within the technological unemployment debates will be broadly divided into optimists and pessimists. Optimists agree that innovation could also be disruptive to jobs within the short time period, yet hold that various compensation results ensure there’s by no means an extended-term detrimental influence on jobs, whereas pessimists contend that at least in some circumstances, new applied sciences can lead to a lasting decline within the whole number of workers in employment. The phrase «technological unemployment» was popularised by John Maynard Keynes in the 1930s, who stated it was a «solely a brief section of maladjustment». 1 But the issue of machines displacing human labour has been discussed since not less than Aristotle ‘s time.

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