Of course, we must always remember that the associated disruption will be difficult for people whose jobs are affected. However, we know that in the long term, these advances will create more jobs than are lost, and create enough income to ensure that those who are affected can adapt and access new opportunities.
The value of rating agencies and the ratings that they provide have also become the subject of critical review as a result of their performance in the run up to the global financial crisis. Reputable rating agencies issued Panglossian ratings for securities, such as collaterised debt obligations, the risks of which they did not properly understand.