Technological Changes, Investments, and Unemployment in Indonesia

Technological unemployment: a discussion

The objective of this work is to provide a critical assessment of the basic methodology advanced in current macroeconomic theories to understand the relationship between technological progress and unemployment. The standard reference will be the so called natural unemployment schemes, that in what follows will be fully identified with equilibrium unemployment theories1. Our conviction is that u...

Innovation and Technological Capability in Indonesia

“ Technological Unemployment : A New View ”

This paper extends the now familiar Shapiro-Stiglitz (1984) model of labor market behavior to reconsider the controversial proposition that some forms of innovation have persistent displacement e ects. In particular, it nds that when distinctions between random production failures and reduced e ort level are di cult to draw, the adoption of new methods of production that compel more e ort, brea...

Technological change, productivity growth, and unemployment

Constructing total factor productivity growth numbers free of the effects of business cycle variations is, as the large recent literature on the topic has shown, a difficult exercise. But the trend evolutions are clear. In most countries, TFP growth has been lower-often much lower-than it was before the mid-1970s. And the decrease in the underlying TFP growth rate appears to have been quite abr...

Sex Work, Technological Unemployment and the Basic Income Guarantee

Is sex work (specifically, prostitution) vulnerable to technological unemployment? Several authors have argued that it is. They claim that the advent of sophisticated sexual robots will lead to the displacement of human prostitutes, just as, say, the advent of sophisticated manufacturing robots have displaced many traditional forms of factory labour. But are they right? In this article, I criti...