Posted on 09/26/2011 7:55:10 AM PDT by 1rudeboy
Ignorant or malicious.
so this is the quaint “information technology creates more jobs than it eliminates” argument?
uh, no
Goodbye cities...
While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasnt used instead of so many laborers, his host told him it was to keep employment high in the construction industry. If they used tractors or modern road building equipment, fewer people would have jobs was his hosts logic
Then instead of shovels, why dont you give them spoons and create even more jobs? Friedman inquired
is the most economically ignorant president?
This isn’t the question, it’s the answer. What did they expect from a failed community organizer. He is the worst president in history.
He is going to spend his last year in office finishing the damage he started.
uh, it sure sounds like it.
uh, cuz "productivity" is a euphemism for elimination of labor requirements by technology.
I’ll take malicious for $500 Alex.
Not all technology is information technology, but thanks for playing.
Few people noted that just a week after his first “ATMs cause unemployment” comment he stated at a robotics factory that “robotics is the future of the American economy”.
Uhm... so which is it? Automation good or automation bad?
I just don’t believe he ever even thinks about what appears on his teleprompter.
Ignorant, yes. Anti business, absolutely.
Ignorant, yes. Anti business, absolutely.
Ignorant, yes. Anti business, absolutely.
But as to the man himself as president, I'm certain that -- apart from that miracle or series of miracles -- he will be a political, economic, and administrative disaster. ~~ 11/06/08
...or what he hears in his earpiece.
Well, what would you expect from a college student who got failing grades in both Economics and American History?
Boy genius? Hardly!
See for yourself: Check his transcripts!
Well, I think an ATM and an Airline Ticket Website are.
, but thanks for playing.
not sure what this means. But please don't explain.
Also, don't mistake replies to Post #1 as being directed to you -- they are directed to the subject itself.
He lives in the world of the old USSR ,where he can control everything
This idea is not new. A Roman emperor refused to allow the use of canal-digging machinery because he wanted to create jobs. As someone once put it, when you use 20 men to do a job that could be done by 1, you haven't created 20 jobs, you've split a paycheck 20 ways. Workers can be paid only out of the wealth created by their productive activity. If you use more workers to create the same amount of wealth, there's less for each one.
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