Re: Efficiency kills jobs -No it does not
If output is constant then yes employment would go down but it is absolutely clear that this does not happen.
The world economy for decade after decade after decade stretching out to centuries since the industrial revolution has demonstrated that this idea is completely false. There is little in economics that is more convincingly disproved than this idea. New jobs expand as productivity increases the wealth and prosperity of society as a whole. We have record high levels of paid employment at the moment and as productivity more or less increases monotonically record high productivity at the same time.
Biting the hand that feeds IT
