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You're right: Technology doesn't kill jobs. It kills demand. Who wants to send paper mail, or a landline phone, or to take out traditional classified ads? The
by jcromartie 15y ago
You're right: Technology doesn't kill jobs.
It kills demand.
Who wants to send paper mail, or a landline phone, or to take out traditional classified ads? The alternatives are too appealing and the demand for the old versions is never coming back.
- cwp 15y agoUgh. No. The financial crisis killed demand.
- jcromartie 15y agoThe financial crisis did not make people buy mobile phones instead of landlines, Hulu and Netflix instead of cable TV, or Craigslist instead of local newspaper ads, or ebooks instead of paper books. It might have accelerated the shift, because the new technology was cheaper, but people naturally gravitate to the better product. These technologies split, reorganized, transferred, concentrated or decentralized demand. Call it what you will, but people want the new stuff over the old stuff. And if they want it, they'll buy it.
- suivix 15y agoWhy did the horse and buggy go away? Lack of demand, I'd say.
- jcarden 15y agoTechnology kills demand for a particular procedure or function, this dampens aggregate demand which in turn eliminates the need for the function or procedure provider in the form of a job