Arnold Williams (notebuyer) wrote,
Arnold Williams

Robots! We're Going To Be Unemployed!

It's amusing to encounter the latest iteration of the idea that "labor saving devices" exacerbate unemployment. We all see daily the starving maids and butlers in the street, put there by household appliances, right?

And yet the idea recurs. It never seems to occur to the proponent that creating more stuff with less labor leaves a growing Gross Domestic Product with a population the same size, and that the effect, in most democracies, is to increase the general level of prosperity.

Televisions, justified with tortured explanations about educational effect, turn into color TVs, into more than one per household, into expected items in every hotel room. The perspective from Anacostia park becomes ever nicer.
Tags: economics

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