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 economist bust automation myth


No evidence robots taking jobs: economist busts automation myth

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Borland theorises that, just as has been the case with waves of automation since the industrial revolution, technology is creating jobs as fast as it is eradicating them. New digital technologies have increased demand for software designers, programmers and managers, while lower costs of production from automation have resulted in higher real incomes that in turn lead to more demand and more jobs. But there is one difference. This time, big data and advances in computerisation mean technology is no longer replacing low-skilled blue collar jobs.