Automation has a habit of killing jobs, which has been true since the Industrial Revolution. However, it seems that we’re discovering this truth all over again. We easily forget when we focus only on the job-creation aspects of automation, and that usually gets us in trouble. Since the IR, there have been five distinct economic waves lasting between 50 and 60 years. Named after the late Russian economist Nicolai Kondratiev, those waves now are known as “K-waves,” or the “Kondratiev Cycle.”
Yes it is somewhat true that due to the fear of less job or opportunities working on innovation have somewhat been slowed down. Therefore, it is giving slow progress to the overall innovation. The time has come when things needs to be in place to start a new beginning.
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Work in a New Automation Era
Posted by: Denis Pombriant September 22, 2016 11:27 AMAutomation has a habit of killing jobs, which has been true since the Industrial Revolution. However, it seems that we’re discovering this truth all over again. We easily forget when we focus only on the job-creation aspects of automation, and that usually gets us in trouble. Since the IR, there have been five distinct economic waves lasting between 50 and 60 years. Named after the late Russian economist Nicolai Kondratiev, those waves now are known as “K-waves,” or the “Kondratiev Cycle.”