Bring on the robots but reboot our societies too

©Dreamstime Robert Solow, the 91-year-old Nobel Prize-winner, knows a thing or two about economics and has lived through more cycles than most. When working as an adviser to the Kennedy administration more than 50 years ago, he was asked to examine the widespread contention that automation would create mass unemployment. He concluded that those fears were misplaced then, just as they are today. “The catastrophe didn’t happen then, and it is extremely unlikely to happen now,” he wrote in an article three years ago. “The fear of automation is rather like the fear of collision with an enormous asteroid.” More On this topic FT View As the Financial Times series on robots has shown this week, there are good reasons to believe that the latest cycle of innovation will be…


Link to Full Article: Bring on the robots but reboot our societies too