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Institute of Economic Affairs disagrees: Robot Tax

The Institute of Economic Affairs is the UK's original free-market think-tank, founded in 1955.

We must not be afraid of technological change and the rise of robots. New technology offers us improved living standards and a better quality of life and there is little evidence that job displacement is moving faster than the economy's ability to develop new types of employment. It is often overlooked that with technological change has come the creation of many new jobs already, including IT and scientific professionals. While the future may be uncertain, we should not be pushed into premature and damaging policy interventions on the basis of fears and panics. Protecting against a potential shake-up in the labour market with measures such as a robot tax, subsidies, or further regulation is not the way to go.


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