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by rcthompson 5349 days ago
I always assumed that there was something horribly wrong with the idea that technology kills jobs, but that link explains the fallacy quite clearly. It's actually the same logic as that which disproves the fallacy that destroying things stimulates the economy (yes, some people actually believe this).
1 comments

> the fallacy that destroying things stimulates the economy (yes, some people actually believe this)

"Cash for clunkers": did it work?

for what definition of "work"?

increase economic activity: yes make society wealthier: no make used cars more expensive for poor people: yes increase jobs in the auto industry: no pull auto industry profits from the future forward: yes create new long auto industry term profits: no