Article by Kerstin Hötte, Melline Somers and Angelos Theodorakopoulos:”New technologies may replace human labour, but can simultaneously create jobs if workers are needed to use these technologies or if new economic activities emerge. At the same time, technology-driven productivity growth may increase disposable income, stimulating a demand-induced employment expansion. Based on a systematic review of the empirical literature on technological change and its impact on employment published in the past four decades, this column suggests that the empirical support for the labour-creating effects of technological change dominates that for labour-replacement…(More)”.
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