Technology and the Labour Market: Technological Unemployment as a Historical Debate

Elena Gallego Abaroa ()
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Elena Gallego Abaroa: Complutense University of Madrid

Chapter Chapter 11 in Science, Technology and Innovation in the History of Economic Thought, 2023, pp 229-240 from Palgrave Macmillan

Abstract: Abstract Technological unemployment has been an unintended consequence of production since the early eighteenth century. The introduction of new technologies has generated intensive stages of labour being replaced by capital as a factor of production, and the schools of thought have debated adjustments to the labour market based on the assumptions that form the foundations of each doctrine. This chapter reflects on the consequences of technological unemployment in twenty-first-century capitalism, in a framework of greater equilibrium in the distribution of income.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-031-40139-8_11

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DOI: 10.1007/978-3-031-40139-8_11

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