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That technological change may cause quick-time period job losses is broadly accepted. The view that it could actually result in lasting increases in unemployment has long been controversial. Contributors within the technological unemployment debates can be broadly divided into optimists and pessimists. Optimists agree that innovation could also be disruptive to jobs within the brief term, yet hold that various compensation results ensure there may be never an extended-term negative bid for papers impression on jobs, whereas pessimists contend that not less than in some circumstances, new technologies can lead to an enduring decline within the total number of staff in employment. The phrase “technological unemployment” was popularised by John Maynard Keynes in the Thirties, who mentioned it was a “only a temporary part of maladjustment”. 1 But the issue of machines displacing human labour has been discussed since a minimum of Aristotle ‘s time.

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