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Industrial Revolution Comparisons Aren't Comforting

Original story at Bloomberg View• 61 mentions • 8 months ago

The machines bring trouble. Source: Hulton Archive/Getty ImagesFacebook Twitter Email Print Share LaborTyler Cowen is a Bloomberg View columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include “Average Is Over: Powering America Beyond the Age of the Great Stagnation.”Read More.Feb 16, 2017 6:00 AM ESTa | ABy“Why should it be different this time?” That’s the most common response I hear when I raise concerns about automation and the future of jobs, and it’s a pretty simple rejoinder. The Western world managed the shift out of agricultural jobs into ...