Obviously, technology destroys some jobs, but doesn't technology in total create jobs? Not so many people in agriculture these days, but there are people employed in building machinery that make people that do agriculture more productive. Furthermore, how many jobs were created, directly or indirectly by the Internet? Of course, I don't pretend that people who contributed to the creation of the Internet ever dreamed of all the ways in which Internet would influence the world, or of all the kinds of enterprises that it would create. So who knows what would Urbit do. I just wondered if, perhaps, you had some ideas.
And, here's Hazlitt, who, in his Economics in One Lesson writes:
"To go no further back, let us turn to Adam Smith's The
Wealth of Nations, published in 1776. The first chapter
of this remarkable book is called "Of the Division of
Labor," and on the second page of this first chapter the
author tells us that a workman unacquainted with the use
of machinery employed in pin-making "could scarce make
one pin a day, and certainly could not make twenty," but
that with the use of this machinery he can make 4,800
pins a day. So already, alas, in Adam Smith's time, machinery had thrown from 240 to 4,800 pin-makers out of
work for every one it kept. In the pin-making industry
there was already, if machines merely throw men out of
jobs, 99.98 per cent unemployment. Could things be
blacker?
Things could be blacker, for the Industrial Revolution
was just in its infancy. Let us look at some of the incidents
and aspects of that revolution. Let us see, for example,
what happened in the stocking industry. New stocking
frames as they were introduced were destroyed by the
handicraft workmen (over 1,000 in a single riot), houses
were burned, the inventors were threatened and obliged
to fly for their lives, and order was not finally restored
until the military had been called out and the leading
rioters had been either transported or hanged.
Now it is important to bear in mind that in so far as
the rioters were thinking of their own immediate or even
longer futures their opposition to the machine was rational. For William Felkin, in his History of the Machine-Wrought Hosiery Manufactures (1867), tells us that the
larger part of the 50,000 English stocking knitters and
their families did not fully emerge from the hunger and
misery entailed by the introduction of the machine for the
next forty years. But in so far as the rioters believed, as
most of them undoubtedly did, that the machine was permanently displacing men, they were mistaken, for before
the end of the nineteenth century the stocking industry
was employing at least a hundred men for every man it
employed at the beginning of the century."
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Obviously, technology destroys some jobs, but doesn't technology in total create jobs? Not so many people in agriculture these days, but there are people employed in building machinery that make people that do agriculture more productive. Furthermore, how many jobs were created, directly or indirectly by the Internet? Of course, I don't pretend that people who contributed to the creation of the Internet ever dreamed of all the ways in which Internet would influence the world, or of all the kinds of enterprises that it would create. So who knows what would Urbit do. I just wondered if, perhaps, you had some ideas.
And, here's Hazlitt, who, in his Economics in One Lesson writes:
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