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Automation and Technology Increase Living Standards | the Heritage ...

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Automation and Technology Increase Living Standards | the Heritage ...

Many Americans worry that automation will significantly reduce the need for human employees. Historical experience should help to alleviate many of these concerns. Technological advances have eliminated specific jobs and reduced prices, but the historical record shows this has left consumers with more money to spend elsewhere, increasing the demand for human labor in other sectors of the economy. Some prominent economists suggest that this tim...

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