Thursday, January 24, 2013

Technology destroying jobs? It's happened throughout history

"To workers being pushed out of jobs by today's technology, history has a message: You're not the first.
From textile machines to the horseless carriage to email, technology has upended industries and wiped out jobs for centuries. It also has created millions of jobs, though usually not for the people who lost them.
'People suffer — their livelihoods, their skills and training are worth less,' says Joel Mokyr, a historian of technological change at Northwestern University. 'But that is the price we pay for progress.'"

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