"Of one thing, I feel certain this same kind of technical progress which, in itself, might relieve mankind of a great part of the labour necessary to its subsistence, is the main cause of our present troubles. Hence there are those who would in all seriousness forbid the introduction of technical improvements. This is obviously absurd. But how can we find a rational way out of our dilemma?" Albert Einstein circa 1930

Comment on Einstein's observation as it applies to the pace of technological advancement and the current economic environment?

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Albert Einsteins observation from circa 1930 reflects concerns about the potential downside of technological progress He notes that while technical ad... View the full answer