[tpaine]

Willie Green wrote:
Then I've proven my point.

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In trying to find the point you imagine you've made, -- I came across this post of yours:

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"Finding cheaper ways to produce goods and services frees up labor to produce other things."
-Walter Williams-

Yep. Labor saving technology is developed in response to costly, labor intensive production methods.
So what's your point, Walter?

Did you forget that globalization is a regressive force that acts against technological development?

It continually substitutes ever cheaper labor to undermine development and implementation of more sophisticated (and expensive) automated technology.

Go back to watching the Oprah Show, Walter. Quit pretending that you're a "conservative" economist. Heck, you might as well quit pretending you're an economist of any type, for that matter.

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Willy, instead of bashing Walters logic, think about your own as regards to tech development..

Such development is a fact of life. - 'Slave labor' in manufacturing is dying out as it becomes cheaper to automate technology than to feed, clothe, & house the slaves.

Go back to watching the Oprah Show, Willie, until you formulate a rationale of your own on how we will deal with surplus workers in a high tech world. -- Can you even address the problem?

[Paul Ross]

Uh, in idealized economic model, greater technology for production creates more jobs. Someone is needed to design, produce, and maintain the machines.

But Outsourcing to competing labor sources merely destroys the employment opportunities for domestic labor. This production diversion can have catastrophic effects on the U.S. economy in the long run. The negative multipliers for a national economy of outsourcing is non-debatable.