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That technological change can cause quick-term job losses is widely accepted. The view that it could lead to lasting will increase in unemployment has lengthy been controversial. Participants in the technological unemployment debates can be broadly divided into optimists and pessimists. Optimists agree that innovation could also be disruptive to jobs in the short term, but hold that numerous compensation results ensure there is never a protracted-term destructive influence on jobs, whereas pessimists contend that at the least in some circumstances, new applied sciences can lead to a long-lasting decline within the total number of workers in employment. The phrase “technological unemployment” was popularised by John Maynard Keynes in the 1930s, who stated it was a “only a brief part of maladjustment”. 1 But the difficulty of machines displacing human labour has been discussed since at the very least Aristotle ‘s time.
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