This is a link to the National Bureau of Economic Research’s website. There is a working paper here which you can download for a mere $5. I include it here as an example of the type of work being done from a neoclassical perspective on the subject of technological unemployment.
Working Paper 20941 http://www.nber.org/papers/w20941
Here are the paper’s abstract and an excerpt from its conclusion:
Working Paper From The Social Science Research Network: ROBOTS ARE US: SOME ECONOMICS OF HUMAN REPLACEMENT Seth G. Benzell Laurence J. Kotlikoff Guillermo LaGarda Jeffrey D. Sachs
Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right conditions, more supply produces, over time, less demand as the smart machines undermine their customer base. Highly tailored skill- and generation-specific redistribution policies can keep smart machines from immiserating humanity. But blunt policies, such as mandating open-source technology, can make matters worse.
Our simple model illustrates the range of things that smart machines can do for us and to us. Its central message is disturbing. Absent appropriate fiscal policy that redistributes from winners to losers, smart machines can mean long-term misery for all.