U.S. Congress, Joint Committee on the Economic Report, Subcommittee on Economic Stabilization. (1955). Automation and technological change: Hearings … 84th Congress, 1st session, October 14–28, 1955. Washington: U.S. Government Printing Office, pp. 29–37 · 1955-10-14
Read it with this context. Conditional on his premises: automation is limited to industries employing about 25% of the labour force, and it creates new jobs that require training. The next sentence warns that no automatic regulator guarantees full employment.
Why: Fresh-context audit (A1) judged that the quotation misleads when shown alone.