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The TCB Review is dead. If you click through you will be taken to the Internet Archive site to find an archived copy.
The TCB Review is dead. If you click through you will be taken to the Internet Archive site to find an archived copy.
Since the Industrial Revolution, creators of technology have always destroyed jobs. New technologies often substitute for labor, which in advanced societies becomes more expensive. So the fact that today’s technology producers generate few jobs is not surprising. What’s important is that the technology gets diffused and used in the rest of the business sector, that it gets invested and creates new business activities, new processes, and new markets for products and services. That’s how technology helps create more jobs—it creates new opportunities for business. There are losers that have to leave the market, and there are winners that are able to grow market share and build new markets.
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