“Suppose a clothing manufacturer learns of a machine that will make men’s and women's overcoats for half as much labor as previously. He installs the machines and drops half his labor force.This looks at first glance like a clear loss of employment. But the machine itself required labor to make it; so here, as one offset, are jobs that would not otherwise have existed. The manufacturer, how ever, would have adopted the machine only if it had either made better suits for half as much labor, or had made the same kind of suits at a smaller cost. If we assume the latter, we cannot assume that the amount of labor to make the machines was as great in terms of pay rolls as the amount of labor that the clothing manufacturer hopes to save in the long run by adopting the machine; otherwise there would have been no economy, and he would not have adopted it.So there is still a net loss of employment to be accounted for. But we should at least keep in mind the real possibility that even the first effect of the introduction of labor-saving machinery may be to increase employment on net balance; because it is usually only in the long run that the clothing manufacturer expects to save money by adopting the machine: it may take several years for the machine to "pay for itself."After the machine has produced economies sufficient to offset its cost, the clothing manufacturer has more profits than before. (We shall assume that he merely sells his coats for the same price as his competitors, and makes no effort to undersell them.) At this point, it may seem, labor has suffered a net loss of employment, while it is only the manufacturer, the capitalist, who has gained. But it is precisely out of these extra profits that the subsequent social gains must come. The manufacturer must use these extra profits in at least one of three ways, and possibly he will use part of them in all three: (1) he will use the extra profits to expand his operations by buying more machines to make more coats; or (2) he will invest the extra profits in some other industry; or (3) he will spend the extra profits on increasing his own consumption. Whichever of these three courses he takes, he will increase employment.”

Source: 1860s, First State of the Union address (1861)
Context: Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights. Nor is it denied that there is, and probably always will be, a relation between labor and capital producing mutual benefits. The error is in assuming that the whole labor of community exists within that relation.

Cambridge 1995, p. 108
The Ego and Its Own (1844)

"Speculations Concerning the First Ultraintelligent Machine" http://www.stat.vt.edu/tech_reports/2005/GoodTechReport.pdf, Advances in Computers, vol. 6, 1965

शिक्षा (Education)

Introduction
Small Houses: Their Economic Design and Construction (1922)

Source: Europe and the People Without History, 1982, Chapter 10, Crises and Differentiation in Capitalism, p. 298.

Speech (22 September 1952), reported in Report of Proceedings of the Annual Convention of the American Federation of Labor, Vol. 71 (1952)

Capitalism: The Unknown Ideal (1966)

"A Russian Aesthete", p. 279
Forewords and Afterwords (1973)
Context: Machines have no political opinions, but they have profound political effects. They demand a strict regimentation of time, and, by abolishing the need for manual skill, have transformed the majority of the population from workers into laborers. There are, that is to say, fewer and fewer jobs which a man can find a pride and satisfaction in doing well, more and more which have no interest in themselves and can be valued only for the money they provide.