Chap_9-Volti

Chap_9-Volti - Chapter 9 STS 101 Is this true?...

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Chapter 9 STS 101
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Is this true? Technological Change = Loss of Jobs If productivity is increased through technology or mechanization, doesn't this imply that you don’t need an many workers?
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What is Productivity? Productivity is measured in output per worker, which has gone up consistently through time
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Good or bad Prod. increases have been a two edged sword While productivity has increased our overall material wealth – more products at a cheaper price, it has also raised the possibility of not being needed So what is the correlation between technology and employment?
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One Issue: Less worker overall
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Will technological advance lead to mass unemployment? British historians has estimated that ½ of the English population were paupers (ie, unemployed) before the Industrial Revolution. What is different now?
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Not necessarily
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One reason: Human Nature While not so noble, our very nature drives us to constantly acquire new goods – thus creating jobs
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Chap_9-Volti - Chapter 9 STS 101 Is this true?...

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