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New technology sometimes creates more work even though it makes the previous work easier. When the electronic spreadsheet was introduced in the 1980s, even thou
by etruong42 4y ago
New technology sometimes creates more work even though it makes the previous work easier. When the electronic spreadsheet was introduced in the 1980s, even though it made accountants more productive, the number of accountants GREW after the electronic spreadsheet was introduced. Sure, one accountant with an electronic spreadsheet could probably do the work of 10 or 100 accountants who didn't have the electronic spreadsheet, but accounting become so efficient that so many more firms wanted accountants.
"since 1980, right around the time the electronic spreadsheet came out, 400,000 bookkeeping and accounting clerk jobs have gone away. But 600,000 accounting jobs have been added."
Planet Money, May 17, 2017, Episode 606: Spreadsheets!