Technological unemployment

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Technological unemployment is unemployment erroneously attributed to the introduction of improved methods of production, such as the use of more efficient capital equipment (tools, machinery, "automation," etc.). As long as unused, or not fully utilized, natural resources exist, there are always opportunities for additional employment in a free market.[1]


  1. Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-24.