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What people need to consider is that new jobs are being made and economics has not stopped working. The question is - are the new jobs as well paying as the jo
by intended 10y ago
What people need to consider is that new jobs are being made and economics has not stopped working.
The question is - are the new jobs as well paying as the jobs which are lost.
- disordinary 10y agoOr if they're FTE positions, in the future we may work 3 day weeks.
- anigbrowl 10y agoSome new jobs are being made, but not enough. Actually, serious economists are beginning to worry that macroeconomics is broken and that the existing models of economic development are no longer functioning as expected. I think the chief economist at the World Bank counts as a 'serious economist' and urge you to read his paper described in this news article: http://economictimes.indiatimes.com/small-biz/policy-trends/world-banks-chief-economist-romer-says-macroeconomics-in-trouble/articleshow/55508187.cms http://economictimes.indiatimes.com/small-biz/policy-trends/... I really love economics, but you've got to realize that while microeconomics is extremely rigorous and everyone should know some of it, macroeconomics involves a great deal of ideological assumptions and hand-waving, and doesn't have a good theory of technological disruption any more than it has a really good theory of oligopoly.