The fear that technological unemployment may happen in the context of technical change is explained by ‘Luddite Fallacy’.
Luddites were a group of English textile workers lived during first industrial revolution period. They feared that machines will destroy their jobs and livelihoods and hence destroyed machines.
The new machines were more productive, and some workers lost their relatively highly paid jobs. Still employment significant volume of were created in associated sectors gradually.
In the medium term, Britain has not undergone the unemployment that many feared. The notion of the Luddites about the fear of unemployment in the context of technological change is described as Luddite Fallacy.
The underlying argument behind the Fallacy is the argument of economists that new technology will not increase the long-term unemployment rate (though there may be temporary unemployment).
