The second blind spot among the neo-Luddites is their failure to consider the gains we will receive as consumers from technological advances even as they misunderstand the reduced demand for labor technology may create.
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Ironically, such productivity gains that improve the lot of workers are based on acceptance of new technology, including labor-saving technology.
We can always support jobs by protecting inefficiencies, such as import protection or prohibiting labor-saving technology.
Think of all the farm jobs lost to tractors and other farm equipment, and all the factory jobs lost to labor-saving technology, equipment, and computers.
As demand for crowdsourcing labor grows and technology improves, Mr. Robertson adds, workers can now make the equivalent of full-time annual wages from hundreds of temporary jobs.
In industry after industry when minimum prices are set on labor either capital ends up getting substituted through investment in labor-saving technology or low-skill jobs move overseas.
Freer trade in that regard is similar to labor-saving technology.
Unlike labor arbitrage, the technology playing field can still be a race to the top.
Indeed, throughout The Mobile Wave Saylor with great articulation explains that what holds civilization back is wasted labor in areas that technology should erase.
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That does not include all the information technology or labor costs of analyzing that data, but companies are sprouting up to take care of that, too.
And most iPhones and iPads are made in China, which means they have both technology and labor force to achieve that goal, and so on and so forth.
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Economic growth has many inputs, not least the drivers of labor, capital, and technology.
Governments can save jobs by discouraging new technology or outlawing labor-saving devices like automatic elevators and automated telephone service.
Labor has been displaced by technology in many other fields in the name of efficiency, why should sports be different?
The biggest names in the business have their brightest engineers rolling out ways to unify the great hardware hodgepodge, rationalize wasteful resources and automate the labor-intensive side of technology.
Labor-saving inventions, technology, business processes, and trade all increase productivity output per hour worked and form the basis for higher wages as well as higher profits and the basis for our growing standard of living.
Sensors include visible spectrum cameras, 3D laser scanners and a spectrometer analysis (just to name a few) that creates an accurate analysis of waste which has not been possible with mechanical technology or human labor before.
According to numbers from the Bureau of Labor Statistics, unemployment in the technology sector, at 3.8%, is less than half the national rate of 7.8%.
While office technology saves time and labor, we're now very inactive because of all those office technologies that literally push our virtual paper for us, and this has made us more injury prone than ever before.
So a more careful statement of my thesis would be: non-technical hustler founders of technology startups are the new labor.
Labor issues became so serious that Foxconn Technology Group, which now employs 1.2 million workers in China, decided it had to automate.
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New technology will be introduced along with labor-saving capital investment, and skilled workers will tend to replace unskilled workers.
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Later Gandhi took steps to ensure such glorious scarcity: His economic program, such as it was, consisted of de-industrialization, withdrawing from technology and substituting the most inefficient labor methods.
Technology, like trade, frees up labor in some areas for production in other areas.
The U.S. has a long history of creating and adopting technology to take the place of human labor.
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Preferences and technology are constantly shifting the demand for labor in various industries and in different geographies.
Affordable technology combined with global pools of smart labor form a Cheap Revolution.
The crucial lesson to be learned is that our economic growth depends on a combination of technology change and the expansion of the labor force.
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But this kind of protectionist thinking is myopic and flawed: the innovation and opening of new markets the TPP is designed to spur would lead to exactly the type of jobs that labor craves, namely high-paying manufacturing and technology related jobs.
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