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More efficiency always results in lost jobs. But the money consumers are saving is going somewhere, so there will be new jobs in other sectors. Creative destr
by tsotha 12y ago
More efficiency always results in lost jobs. But the money consumers are saving is going somewhere, so there will be new jobs in other sectors. Creative destruction and all that.
The Luddites were upset because of job loss to automated looms, but in the end everyone was better off.
- lotsofcows 12y agoAlmost everyone¹ ¹ http://en.wikipedia.org/wiki/Luddite#Government_response http://en.wikipedia.org/wiki/Luddite#Government_response