Introduction

Andrzej Piotr Wierzbicki ()
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Andrzej Piotr Wierzbicki: National Institute of Telecommunication

Chapter Chapter 1 in The Future of Work in Information Society, 2016, pp 1-10 from Springer

Abstract: Abstract This chapter indicates main themes of the book: the causes of and the responsibility for growing unemployment and social inequality. The author, a technologist, admits that a part of the causes belongs to technology, but most causes result from the capitalist system. This system includes a mechanism of capital replacing labour (actually, investments in technology replacing labour), and this mechanism contains a positive feedback, accelerating such replacement (the more a capitalist earns by such replacement, the more similar investments follow). Such investments occur today at unprecedented scope and speed and this is the main cause of resulting social troubles. The chapter includes also a short review of related literature.

Keywords: Escalating automation; Capital replacing labour; Acceleration by a positive feedback; Growing unemployment; Growing inequalities; Endangered capitalism (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-33909-2_1

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DOI: 10.1007/978-3-319-33909-2_1

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