Publication Laka-library:
Nuclear power plants performance 78/81 (1982)
| Author | S.Thomas |
| Date | December 1982 |
| Classification | 6.01.0.20/06 (IMPORTANCE WORLDWIDE) |
| Front | 
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From the publication:
QUANTIFYING THE EMPLOYMENT EFFECTS OF MICRO-ELECTRONICS J.D. Whitley and R.A. Wilson The paper attempts to quantify some of the compensatory effects on employment which may offset the direct displacement effects of faster technological change. It is argued that technological change will not necessarily increase unemployment levels. There are a number of compensating effects which may reduce and even outweigh any initial displacement effects. The study uses simulation techniques with a detailed model of the UK economy. One conclusion is that, even if the UK does not innovate as fast as its major competitors, a more rapid rate of diffusion of new technology may result in higher employment than would otherwise be the case.
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