#accelerating mechanization

Sorry, Folks. You’ve All Been Replaced by a Robot.

Replacement of workers by technology isn’t new. The original Luddites destroyed the mechanized looms that replaced their labor. But the new looms came anyway. New technology has always won out in the long run.

That has caused crises among those displaced, but never the downfall of society, because when new technology came, it also brought improved productivity and lower unit costs, as well as new…