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That technological change can cause brief-term job losses is widely accepted. The view that it could actually lead to lasting increases in unemployment has lengthy been controversial. Members within the technological unemployment debates can be broadly divided into optimists and pessimists. Optimists agree that innovation could also be disruptive to jobs within the quick term, yet hold that various compensation results guarantee there is never a protracted-term adverse affect on jobs, whereas pessimists contend that a minimum of in some circumstances, new technologies can result in a lasting decline within the complete number of employees in employment. The phrase “technological unemployment” was popularised by John Maynard Keynes within the 1930s, who stated it was a “solely a brief phase of maladjustment”. 1 Yet the issue of machines displacing human labour has been mentioned since no less than Aristotle ‘s time.

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