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11min chapter
Salem Elzway and Jason Resnikoff on Automation
New Books in Economics
The Cycle of Technological Unemployment
This chapter explores the historical and theoretical frameworks of technological unemployment, linking past economic ideologies to current labor dynamics. It highlights the impact of automation on worker displacement and critiques the oversimplified belief that technology benefits all societal layers equally. Additionally, the chapter examines the complexities of productivity demands, corporate investment in automation, and the economic implications of post-World War II industrial growth.
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