Shuvalov said that could lead to a reduction of the working week

© RIA Novosti / Evgeny to Betemporary in photobacteria Deputy Chairman of RF government Igor Shuvalov. Archival photoShuvalov said that could lead to a reduction of the working week© RIA Novosti / Evgeny to Betemporary the image Bank

The development of technology will not lead to higher unemployment, more likely that it will allow to reduce the working week, the first Vice-Premier Igor Shuvalov.

«Effects of modern technologies are yet to fully appreciate. Pessimists highlight the risks of mass unemployment, inequality and dislocation in the result of cheaper labor in the new economy. The most gloomy forecasts say about the inevitability of the revolt of machines against humanity according to the script of «Terminator». Optimists also expect that the company will be able to overcome all these challenges more successfully than under the previous change of the technological way of life a century ago», — said Shuvalov, speaking at the Astana economic forum.

In his opinion, knowledge of the socio-economic history provides enough reason to be «at least a moderate optimist». «Humanity is now living in the most prosperous period in its history, and the rapid birth of technologies creates opportunities for further growth,» he said.

According to the Vice Prime Minister, the most obvious way of technological progress will influence the state of the labour market, and in the system of professions will undergo serious transformation.

«Technology and the associated productivity growth does not necessarily lead to higher unemployment. More likely, as happened in the XX century, will be reduced workweek, not only in material production but also the so-called white collar workers who now often live in conditions of irregular working time», — said Shuvalov.