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 ^^^^^ he started out saying : "It seems to me that the long term growth of employment depends on the long term growth of consumption." ( maybe "personal consumption") Maybe railroads and cars increased jobs by creating new and thereby new consumer goods, new commodity types. Mayb his sentence "Technological progress destroys, doesn't create jobs." refers to technological progress in the sense of more efficient instruments of production commodities, not new and more personal consumption commodities. Charles This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
