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That technological change could cause quick-time period job losses is broadly accepted. The view that it will possibly lead to lasting will increase in unemployment has long been controversial. Participants in the technological unemployment debates may be broadly divided into optimists and pessimists. Optimists agree that innovation could also be disruptive to jobs in the short term, but hold that numerous compensation results ensure there may be by no means an extended-time period damaging impression on jobs, whereas pessimists contend that no less than in some circumstances, new technologies can lead to a lasting decline within the whole number of employees in employment. The phrase “technological unemployment” was popularised by John Maynard Keynes within the Thirties, who stated it was a “solely a temporary part of maladjustment”. 1 But the issue of machines displacing human labour has been discussed since at least Aristotle ‘s time.

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