Michael Perelman wrote:

Supposedly, new technology lowers prices, which spurs new demand,
which reemploy as
the workers.  I'm not saying I accept this argument, but I have not seen many
economists eating crow.

Several centuries of capitalist history are on the side of the non-crow-eaters, no? I like Ursula Huws's argument that one reason is the continued commodification of household tasks, an instance of capitalism's seemingly endless propensity to create new and profitable "needs."

Doug

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