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Technology doesn't "replace" jobs. It increases our productivity, meaning we can do more with less and sell better for cheaper. The net effect is positive. T
by tatsuke95 15y ago
Technology doesn't "replace" jobs. It increases our productivity, meaning we can do more with less and sell better for cheaper. The net effect is positive.
That said, there is always a lag in how quickly society can adapt to new tech, which may result in unemployment temporarily above the natural rate. And during these times, people tend to hate on new technology:
http://en.wikipedia.org/wiki/Luddite http://en.wikipedia.org/wiki/Luddite
- FanGate 15y agoOne doesn't have to be a rocket scientist to see that technology does in fact replace jobs. Just 50 years ago, it required a team of 25 to 35 men with sledgehammer & shovel and a grader pulled by horses to create a country road or driveway -- and it took an entire week to complete the job. Today, that same task can be done in just a day or two by ONE individual with a bulldozer. One can spout lots of meaningless catch-phrases and convoluted explanations to attempt to prove otherwise, but it doesn't change the fact that innovation deletes jobs. Just think about it for a moment... If a bulldozer did not significantly reduce the time & cost of producing a road, then the bulldozer would have never been invented. There would have been no incentive for using one.