On May 7, 2008, at 11:02 PM, Eugene Coyle wrote:
Technological progress destroys, doesn't create jobs.
It can destroy jobs or create them. Railroads, cars, telephones, airplanes, and computers all created far more jobs than they destroyed. The railroad made the buggy whip paradigmatic for technological obsolescence, but the job loss was dwarfed by the number of workers needed to build and staff railroads, not to mention all the secondary effects of all the jobs the railroad created.
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
