‘How boosting small businesses will help soften disruptive effect of machines’, by Lorenzo Fioramonti, 15.08.2017
GovInn’s Director Lorenzo Fioramonti published ‘How boosting small businesses will help soften disruptive effect of machines‘ in the Business Day.
In the award-winning book Rise of the Robots, futurist Martin Ford argues that automation will lead to widespread job losses, not only in the traditional blue-collar sectors, but also among white-collar workers. Conventional production chains and large industries have indeed invested massively in automation in the past few years. A study by McKinsey shows that many companies recovering from the 2008 financial crisis have replaced retrenched workers with machines, thus leading to “jobless” recoveries.