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Perhaps some concrete examples instead of abstractions and theories would help.
by stretchwithme 16y ago
Perhaps some concrete examples instead of abstractions and theories would help.
- hackinthebochs 16y agoAs I'm sure any discussion involving economics would :) I've given it a good think and I find it hard to come up with something concrete. In our current economy there is still the driving force of profit that creates jobs. All jobs that don't directly support the necessities of life, are either directly selling products to consumers or supporting companies directly selling products to consumers. There still has to be a mass of people to sell crap to for the economy to function. Under the assumption that all manual labor, factory and most service level jobs are gone, there is only a small market for non-essential products, which effectively puts a cap on the number of knowledge workers.
- hackinthebochs 16y agoBrowsing through the new section on HN I came across this: http://www.slate.com/id/2287531/ http://www.slate.com/id/2287531/. It seems to support my contention that technology itself does not cause economic growth.