Nearly 90 years ago, John Maynard Keynes made a much-quoted prediction. In his 1930 essay, Economic Prospects for our Grandchildren, he set out the view that, by 2030, technological progress would have raised productivity so much that people would be able to meet their essential needs in a 15-hour working week.
He was perhaps the first economist to explore the implications of a future of “technological unemployment”. For Keynes, this was a positive development: Freed from the necessity of toil, mankind could devote itself to nobler causes than “detestable” money-making, such…
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