IMHO, Luigi Pasinetti got this one down cold in Structural Change and Economic Growth. I'll cite the passage later.
On 9/21/07, Eugene Coyle <[EMAIL PROTECTED]> wrote: > > It is widely believed -- and written about by economists, even -- > that technology advances cost jobs. > > Leontief believed. Rifkin and many others have written about it. > > But most economists insist that "more jobs are created than destroyed." > > But are jobs really keeping up? Is the weak market for labor -- > indicated by falling or level real wages -- evidence that jobs are > being detroyed by "productivity" or "technological advances" faster > than they are created? Are lower wages for most evidence of a weak > labor market, despite the long term increase in numbers of jobs? > > What are your thoughts? > > Gene Coyle > -- Sandwichman
