One more low-skilled job disappearing without replacement.
One more low-skilled job disappearing without replacement.
I'm curious - if you think this is a bad thing, are there technological innovations which have already happened which you would want to undo? How many jobs do you think it would create? GPS could provide be a good thought experiment.
some of us, anyway
http://www.cbsnews.com/news/census-data-half-of-us-poor-or-low-income/
I wonder what it means when half of the richest country in the world lives in poverty..It doesn't follow that by prohibiting technological progress things would be more equal. I'm not sure what the relationship is between income distribution and progress; I think there are probably arguments both ways.
For example, would income inequality be rising even if technological progress was not happening? Probably yes, from my reading of Pikkety. Those with capital would probably continue to accumulate more. But it would affect returns to capital so perhaps it's not so clear cut.
Is income inequality increasing as a result of technological progress? Maybe, I guess? I'd be quite interested to see some real evidence either way because I don't think the answer is intuitive either way.
Will you not think of the Blacksmith when you replace your horse with one of these new motor vehicles....
Through out history we have had industries decimated by new technology, do you want to stop progress simply to protect jobs? At what point in history should we have done this? or why is today any different than at any point in our past? Should we time travel all the way back and kill that bastard that invented a way to control fire? Or the Guy that invented the wheel?
http://www.theguardian.com/world/2015/oct/25/lorry-driver-sh...