Technology does not Eliminate Jobs, it Creates Them

Robert D. Atkinson September 9, 2013
September 9, 2013

Virtually all the scholarly economic research on the question of jobs and productivity finds that higher productivity does not lead to fewer jobs. Higher productivity makes products or services cheaper and consumers then are able to use those savings to buy other goods and services, helping create jobs. In many cases the cause of stagnant growth is too little, not too much, technology and automation, which makes industries less competitive in global markets, leading to job loss, less spending and investment, and a vicious cycle of stagnation.