On Fri, Oct 3, 2008 at 9:47 AM, Jim Devine <[EMAIL PROTECTED]> wrote: > Sandwichman wrote: >> The conventional wisdom is that "new technology creates more jobs than >> it destroys." > > My impression is that the conventional wisdom is that new technology > destroys jobs in some sectors but creates jobs in others. The labor > market then allows the easy and quick reallocation of labor between > jobs, unless the government, labor unions, or other non-market forces > blocks the process. > --
Same thing, Jim. My point, though, is that this hoary conventional wisdom was discarded -- for good reasons -- in the 1930s but resurrected in the 1960s for no reason at all. -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
