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“... that they would go on doing so ‘for at least ten years’. That might sound mild, but it was, as Erik Brynjolfsson and Andrew McAfee point out in their fascinating book, The Second Machine Age, actually a very bold statement, since it implied that by 1975, computer chips would be five hundred times more powerful for the same price. ‘Integrated ...”

“... and generating new economic activity, or used to automate that work, making workers redundant. Erik Brynjolfsson, an economist Li lured to Stanford, calls a preference for automation the ‘Turing Trap’ and notes that automation leads to short-term benefits for business leaders and is perversely incentivised by governments that tax labour at higher ...”