Moshe Vardi Quotes

What people are now realizing is that this formula that technology destroys jobs and creates jobs, even if it's basically true, it's too simplistic.

Job displacement is so huge, I'm tempted to not talk about anything other than that.

The bottom line is there are lots of problems that were not created by government. The biggest one is loss of middle class incomes, loss of good-paying jobs which was created by technology and globalization. Above all, when you can move a job to China or India, it reduces wages.

Only in a minority of cases will workmen be able to recognize the technological change responsible for their dismissal. For this it would be necessary that machines be introduced in an existent plant under the eyes of the workmen and that dismissal be effected immediately after.

Massive increases in productivity due to the happy marriage if information technology and advanced manufacturing techniques are having a chilling, unprecedented effect on job creations.

Automation is going to cause unemployment, and we need to prepare for it.

My biggest worry is that no one seems to notice that we are not going to stop the technical progress that is going to continue to displace people through automation.

I think automation will eliminate certain types of jobs - lower income, lower-skilled jobs in manufacturing. But nobody knows whether it's going to change the job basket of the 21st century, or be net positive, or net negative.

Technology magnifies differences, and it's been replacing or obviating jobs for a long time. But what happens as that case accelerates? I'm not one of these doomsayers who says, 'There will be no jobs.'

Accountants, machinists, medical technicians, even software writers that write the software for 'machines' are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.

The global equalization of wages and the exponential growth in technology has created a job-killing machine that's only going to get worse.

The Negro is trying to enter a social community and a tradition of work-and-income which are in the process of vanishing even for the hitherto privileged white worker Jobs are disappearing under the impact of highly efficient, progressively less costly machines.

Displacement by technology has probably occurred since the invention of the shovel.

The introduction of machinery is turning into idleness thousands, faster than new industries are founded

The great question, however, for the poor man is, or shortly will be, that of escape from competition with labor-saving machinery

Suppose, … that the making of the new machinery affords employment to a greater number of mechanics, can that be called compensation to the carpet makers, thrown on the streets?

The economic reality is that, thanks to smart machines and global trade, the well-paying, middle-class jobs that were the backbone of Western democracies are vanishing.

Look at trade and automation: two competing but slightly overlapping forces in the shrinking of the duration of jobs right now. We have to be able to talk honestly about how disrupted this world is going to be, and it is crazy to mislead people and say we're going to bring back all of the big factory jobs by creating a protectionist regime.

Tech is important, but if you look at even the successful tech start-ups, you see they employ only dozens of people at most. Tech is never going to have the impact on the job market that manufacturing has.

Automation has emerged as a bigger threat to American jobs than globalization or immigration combined.

Employees have been worrying about the rising tide of automation for 200 years now, and for 200 years employers have been assuring them that new jobs will naturally materialize to take their place.

Most Americans agree that technology is going to eliminate many more jobs than it is going to create.

What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is also bringing about disruptive change that is intensifying insecurity and may indeed lead to large-scale labor displacement.

I don't think that artificial intelligence means doomsday, and I think many new jobs will be created, too. However, it is becoming increasingly unlikely that these new types of jobs will favor low-income demographics. We need to address the needs of those who will be left out of the new job market.

The last 200 years, we've had an incredible amount of automation. We have tractors that do the work that horses and people used to do on farms. We don't dig ditches by hand anymore. We don't pound tools out of wrought iron. We don't do bookkeeping with books! But this has not, in net, reduced the amount of employment.