To see whether these predictions are true, I shall now investigate the regional structure of the German international investment position. German investors’ preference for  1  Solnik, B., An Equilibrium Model of the International Capital Markets, Journal of Economic Theory, 8, 1974, p. 500-524.
This has also raised ‘automation anxiety’, with predictions that machines will displace jobs and cause mass unemployment. However, there is a long history of such predictions. Let me give you a few examples. Already 25 years ago, in 1995, American economic and social theorist Jeremy Rifkin warned “Now for the first time, human labor is being systematically eliminated from the production process.