Job loss due to automation can lead to economic instability and social unrest from "summary" of Who Owns the Future? by Jaron Lanier
In the modern age, the rapid advancement of technology has brought about significant changes in the workforce. With the rise of automation, many traditional jobs are being replaced by machines and algorithms, leading to a decrease in employment opportunities for human workers. This phenomenon has far-reaching implications for the economy and society as a whole. When jobs are lost due to automation, it not only affects the individuals who are directly impacted but also has broader consequences for the overall economy. As more and more people find themselves unemployed, there is a decrease in consumer spending, which in turn can lead to a slowdown in economic growth. This can create a ripple effect, causing businesses to close down, further exacerbating the problem. Moreover, the loss of jo...
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