June 14, 2013

ONE EYE ON THE MIRROR AS YOU WATCH YOURSELF SABOT:

Sympathy for the Luddites (PAUL KRUGMAN, June 13, 2013, NY Times)

Until recently, the conventional wisdom about the effects of technology on workers was, in a way, comforting. Clearly, many workers weren't sharing fully -- or, in many cases, at all -- in the benefits of rising productivity; instead, the bulk of the gains were going to a minority of the work force. But this, the story went, was because modern technology was raising the demand for highly educated workers while reducing the demand for less educated workers. And the solution was more education. [...]

Today, however, a much darker picture of the effects of technology on labor is emerging. In this picture, highly educated workers are as likely as less educated workers to find themselves displaced and devalued, and pushing for more education may create as many problems as it solves.

We don't need the elite workforce either.

Posted by at June 14, 2013 5:25 AM
  

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