Driverless cars are the new dot-com bubble – they promise far more than they can deliver

Driverless cars are the new dot-com bubble – they promise far more than they can deliver

The hype around driverless cars fails to take into account sundry problems We simply don’t know what sort of jobs will be available in the future. After all, imagine yourself in the year 1900 peering into the future. How could you know then that the proportion of people employed in agriculture in the USA would fall to a twentieth of what it was then?

Or that there would now be more people employed as mental health nurses in the NHS than there are sailors serving in the Royal Navy? Or that large numbers of people would pay good money to personal trainers to put them through their paces and ensure that they suffered the requisite amount of agony?

History is full of people who have made long-term predictions and who have been proved utterly wrong. Among economists one…

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