ERIC Number: ED021995
Record Type: RIE
Publication Date: 1963-Mar
Reference Count: 0
Automation, the Impact of Technological Change.
The scale of educational activities is increasing because mechanization, automation, cybernation, or whatever new technology is called, makes it possible to do more than could formerly be done. If a man helped by an automatic machine can turn out twice as much per hour, then, presumably, only half as many hours of work will be available for each man, or only half as many jobs. The President of the United States has said that approximately 1.8 million persons holding jobs are replaced every year by machines. Thus, presumably, 18 million persons lost their jobs in the 1950's because of machines, yet total employment rose. In fact, it could be said that technological change has created more jobs than it has destroyed. While 13 million jobs were destroyed by various causes in the 1950's more than 20 million were created as a result of technological change and growth in the stock of capital. Automation should be welcomed rather than feared. The rate of automation depends on the availability of capital and the rapidity in the rise in real wage rates. The unemployment problem is not the result of automation and will not be worsened by automation. This new, and old, technology is spreading very slowly, and the present slow pace is not likely to accelerate. (HC)
Descriptors: Automation, Economic Factors, Economic Progress, Employment, Social Influences, Technological Advancement, Unemployment
American Enterprise Institute, 1200 Seventeenth Street, N. W., Washington, D. C. 20036 ($1.00)
Publication Type: N/A
Education Level: N/A
Authoring Institution: American Enterprise Inst. for Public Policy Research, Washington, DC.