commenting
on the Gene-and-Doug exchange
The World
Employment Report 2004-05 (by ILO) concludes that increases in aggregate
productivity may have negative effects on aggregate employment in the * short
and medium term * and positive
effects in the * long term *. In the
short run, “wariness [sc. by workers] over the impact of productivity growth is
roundly justified, and the concern is even greater in today’s world of growing
interdependence.” However, “(i)n the longer term, there is no necessary
trade-off between the growth of productivity and that of employment.” (p6) They
support that statement by historical example, e.g., the long-term development
in England from the 19th century to the present, and by
multinational statistics for the period 1980 – 2000 (p91).
There is a bit of cognitive dissonance in that, to say the least.
GK
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Subject: Re: [Pen-l] job creation - beyond slave
auction
From: Doug Henwood
Date: Thu, 8 May 2008
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
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