From “Automation and Unemployment: A Management Viewpoint,” by Malcolm L. Denise, vice president for labor relations, Ford Motor Company, 1962:
As a result of these developments, together with a vast growth in capital investment, we have managed to increase our productivity, as measured by output per man-hour, at an average rate of about 2.2 percent per year in the total private economy. To permit a similar rate of productivity increase over the next fifty or sixty years, we must have new developments as dramatic, as far-reaching, as inconceivable as the developments of the past 60 years would have seemed in 1900. Work will not soon be obsolete because we have learned how to build computers and employ electronic controls. Indeed, it will not be an easy or a simple task even to maintain the past rate of productive increase from our present high base.