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Technology in one country can most definitely affect employment rates in another. One example from history is when the Industrial Revolution in England destroye
by 3minus1 13y ago
Technology in one country can most definitely affect employment rates in another. One example from history is when the Industrial Revolution in England destroyed a large textile cottage industry in India.
- gz5 13y agoThis seems to be the flaw in the data cited: "By 2011, a significant gap appears between the two lines, showing economic growth with no parallel increase in job creation" It seems the data set is US jobs only. In our new flat world, how many jobs did US-based companies create in other countries that previously were created in the US? Not sure the US middle class has been destroyed, more that it has moved to other countries.
- rjbwork 13y agoWell, yeah. We've been helping develop the middle classes in china, india, and other such south east asian, central american, and african countries for a couple to a few decades now.