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That technological change can cause quick-time period job losses is widely accepted. The view that it could result in lasting increases in unemployment has long been controversial. Participants in the technological unemployment debates will be broadly divided into optimists and pessimists. Optimists agree that innovation could also be disruptive to jobs within the quick time period, yet hold that numerous compensation results guarantee there may be by no means a long-term negative ultius review impression on jobs, whereas pessimists contend that at the very least in some circumstances, new applied sciences can result in an enduring decline within the complete number of employees in employment. The phrase «technological unemployment» was popularised by John Maynard Keynes in the Nineteen Thirties, who mentioned it was a «solely a brief part of maladjustment». 1 But the problem of machines displacing human labour has been mentioned since at least Aristotle ‘s time.
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