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Where will economic growth come from?

Where will economic growth come from?

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n

The Catbird's Seat

Joined
21 Oct 06
Moves
2598
Clock
28 Oct 11

Originally posted by AThousandYoung
Often it seems as though it destroys jobs.
It almost never is a direct line. Technology dramatically reduced the number of people employed in farming. That freed up thousands of workers to work elsewhere. Ma Bell employed 10s of thousands of women as telephone operators. Now hardly any due to automated switching, but the total people working in telecommunications has grown.

n

The Catbird's Seat

Joined
21 Oct 06
Moves
2598
Clock
28 Oct 11

Originally posted by Metal Brain
Not necessarily how. Explain why it will create more jobs than it is now.
That's almost always difficult to project. It is so often a brain fart of an engineer that creates a new demand from an obscure discovery at a university research lab. Or, it can be a demand of the consumer for some addition or new peripheral device to existing technology.

Most progress isn't foreseen in many cases until it happens. That's why government forcing progress to fit their notions is so often wasteful. We can be certain that if the inventive are left to their inventiveness they will come through.

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