[gamblor956]

Paul Krugman was mostly right on both accounts...but for the wrong reasons.

The fax machine was a sea change when it was introduced. It absolutely was the one communications device every business had to have. It revolutionized white collar businesses and the sales process (imagine! transcontinental signed sales agreements within minutes!). Hell, the catalog industry (upon which the founding laws of e-commerce rest) owes its existence to the fax machine! Krugman misunderstood how important the fax machine was to businesses.

And he was right about the number of jobs for IT specialists, which has been declining for the past decade as IT operations are increasingly outsourced (even as other technology-related fields programming/design/etc have vastly grown) to foreign countries or specialized operators (i.e, Google Apps, Office 365, Amazon AWS, Salesforce, etc).

[tolmasky]

So with the fax machine analogy, you're saying that not only did he have no idea what he was talking about with his predictions of the future, but he also couldn't even comprehend the present.

With relation to IT jobs, wow that is one hell of a stretch.