The following excerpt is from an article,"How Technology Wrecks the Middle Class" by David Autor and David Dorn, that appeared today in the New York Times "Opinionator." Contrary to the article's assertion, there was no group of 19th century English textile artisans who called themselves the Luddites.
> In the early 19th century a group of English textile artisans calling > themselves the Luddites staged a machine-trashing rebellion. Their > brashness earned them a place (rarely positive) in the lexicon, but they > had legitimate reasons for concern. > > Economists have historically rejected what we call the “lump of labor” > fallacy: the supposition that an increase in labor productivity inevitably > reduces employment because there is only a finite amount of work to do. > While intuitively appealing, this idea is demonstrably false. -- Cheers, Tom Walker (Sandwichman)
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