The Rise of the Robots Impact on Unemployment and Inequality

The fear that machines might someday displace workers and produce long-term structural unemployment has a long history, stretching back, at a minimum, to the Luddite revolts that took place in England just over two hundred years ago. In the years since, the alarm has been raised again and again. One...

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Bibliographic Details
Published inConfronting Dystopia pp. 27 - 45
Main Author Ford, Martin
Format Book Chapter
LanguageEnglish
Published Ithaca, NY Cornell University Press 15.06.2018
Subjects
Applied sciences
Automatic control
Behavioral economics
Behavioral sciences
Business
Business administration
Capital stocks
Computer engineering
Computer science
Computer technology
Consumer behavior
Consumer economics
Consumer sovereignty
Consumer spending
Control engineering
Control systems
Economic disciplines
Economics
Employee compensation
Engineering
Finance
Financial economics
Financial instruments
Financial securities
Human resources
Income distribution
Income inequality
Income shares
Information technology
Robotics
Robots
Socioeconomics
Stock shares
Wages
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Summary:The fear that machines might someday displace workers and produce long-term structural unemployment has a long history, stretching back, at a minimum, to the Luddite revolts that took place in England just over two hundred years ago. In the years since, the alarm has been raised again and again. One of the most notable instances occurred in March of 1964, when a prominent group of intellectuals sent a formal document known as the “Triple Revolution Report” to President Lyndon Johnson. The report warned that industrial automation was poised to throw millions of people out of work and create economic and
ISBN:9781501719844
150171984X
DOI:10.7591/9781501719868-003