Mechanization never lowers net employment in the long term, at worst it creates temporary unemployment as workers need to be retrained into new careers when their old ones are made redundant.
Credits & Style Info
Talk Politics. A place to discuss politics without egomaniacal mods
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
(no subject)
Date: 1/12/10 19:27 (UTC)http://fee.org/library/books/economics-in-one-lesson/#0.1_L8
Mechanization never lowers net employment in the long term, at worst it creates temporary unemployment as workers need to be retrained into new careers when their old ones are made redundant.