“Thus, the direct effects of technology work both ways: at first, by increasing productivity, technology can increase employment by reducing the price of an activity and thereby increasing demand; subsequently, further increases in technology mean that fewer and fewer humans are required. Figure 8 illustrates these developments.”

“Thus, the direct effects of technology work both ways: at first, by increasing productivity, technology can increase employment by reducing the price of an activity and thereby increasing demand; subsequently, further increases in technology mean that fewer and fewer humans are required. Figure 8 illustrates these developments.”

— Stuart Russell