Rapidly increasing computing power means that more and more activities that previously seemed reserved for humans can now be automated using machines and algorithms. This technological change has sparked a public debate about possible job losses and the threat of mass unemployment. From a scientific point of view, such bad news is clearly exaggerated for four reasons: Firstly, the technological potential for automating jobs is often clearly overestimated. Secondly, by no means every automation potential is actually used in operational practice. Thirdly, a division of labour between man and machine that adapts flexibly again and again often prevents job losses. And fourthly, automation releases compensation mechanisms that counteract the ori...