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re: What should be done about workers who get displaced by technology?
Posted on 7/30/14 at 8:36 pm to HailHailtoMichigan!
Posted on 7/30/14 at 8:36 pm to HailHailtoMichigan!
quote:
They lived in poverty the rest of their lives
All of them? well, shame on THEM.
Actually, I suspect these things slowly die away. It is seldom a tsunami of tech advance.
Efficiency creates wealth. The economy is NOT a zero sum game. Wealth creates demand. Demand creates jobs.
Might the slow to recognize / adapt suffer? YES! Just like organisms that are slow to adapt die out. It may be lamentable. But, not anything that is valuable enough to force anyone to do anything about it.
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