AI Economic Shock: History Repeats Itself?
News Context
At a glance
- There was a time when large-scale computer-driven automation usurped a large array of jobs in the economy.
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AI and the Future of Work: Lessons from the 1980s Automation Wave
The automation of the 1980s: A Historical Overview
There was a time when large-scale computer-driven automation usurped a large array of jobs in the economy. The time was the 1970s into 1980s, when computerized machine tools swept in and took over the jobs of assemblers, parts makers, machinists, lathe operators, and more in industrial settings. This wave of automation was driven by intense global competition that threatened to put many slower-moving manufacturers out of business.
