Automation and Employment

Dear Professor Wolff, why should we reject disruptive automation? If we can find a way so that demand for goods stays put even if unemployment rises, then the profitable companies (or cooperatives) will just scale up and employ more workers. So, what about rewarding workers for automating themselves out of business by providing unemployment benefits that are ABOVE their last income?

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  • Markus Pfeifer
    published this page in Ask Prof. Wolff 2016-08-29 07:09:23 -0400