The view that unemployment becomes increasingly severe as machinery is substituted for labor is most closely associated with
A) Ernst Say.
B) Maynard Keynes.
C) Eric Mill.
D) Karl Marx.
E) Adam Smith.

Question

Quizplus · Accepted Answer

The view that unemployment increases as a result of technological advancements that replace labor with machines is a central idea in Karl Marx's economic theory. Marx believed that the introduction of machinery would cause unemployment, leading to a reserve army of labor that could be exploited by capitalists to drive down wages.

The View That Unemployment Becomes Increasingly Severe as Machinery Is