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That technological change could cause short-time period job losses is broadly accepted. The view that it will possibly result in lasting increases in unemployment has lengthy been controversial. Contributors in the technological unemployment debates can be broadly divided into optimists and pessimists. Optimists agree that innovation may be disruptive to jobs in the short time period, but maintain that various compensation effects guarantee there may be by no means a long-term destructive ultius affect on jobs, whereas pessimists contend that at least in some circumstances, new technologies can lead to a long-lasting decline in the complete variety of workers in employment. The phrase “technological unemployment” was popularised by John Maynard Keynes within the Thirties, who said it was a “only a brief phase of maladjustment”. 1 Yet the problem of machines displacing human labour has been discussed since at the least Aristotle ‘s time.
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