The Economy: More Output = More Jobs

THE ECONOMY

Automation entered the language during a conference of Ford Motor Co. engineers in 1946—and it has been influencing society ever since. On the one hand, it has made possible the vast growth and technological advances of the U.S. economy in recent years; on the other, it has been a source of worry and perplexity to millions of people. One of the big worries of labor leaders and economists has been that automation gains might enable a strong economic advance—like the present one—to surge forward without creating any new jobs. Last week...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!