Wednesday 23 May 2018

O'Brien lulling us into false sense of security on the economy

The Amazon store allows shoppers to use an app at a turnstile, pick out the items they want and leave. Photo: AP
The Amazon store allows shoppers to use an app at a turnstile, pick out the items they want and leave. Photo: AP
Letters to the Editor

Letters to the Editor

I would like to reply to Dan O'Brien regarding his article about the present economic situation in which he said there is no evidence that technology eliminates jobs ('Ignore the doomsayers - there is little evidence of robots taking over our jobs', Irish Independent, January 18).

I wonder how he reconciles such confidence with a warning from a senior OECD executive, Professor William White, that "the world financial system is as stretched today as it was at the peak of the last bubble, but this time authorities are caught in a policy trap with few defences left".

I wonder if news of Amazon's technological supermarket where people just pack their shopping bags and walk out without a checkout in sight is evidence of anything changing on the job front?

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