TECHNOLOGICAL ADVANCES How Technology Advances Society Pundits - TopicsExpress

TECHNOLOGICAL ADVANCES How Technology Advances Society Pundits bemoan the loss of jobs through technology but as usual, they are not looking at the big picture. Gut instincts just dont work on these kinds of problems. When a laborer is relieved from a boring job, it opens up that persons brain to new activities and new ways of doing things. Human ingenuity expands when people are forced to look for other ways of earning a living and that results in innovation which expands the kinds of products that other humans will want. As a result, products expand exponentially but also hunger and disease decrease. Minimum wage is another gut reaction to a perceived problem but it too is the wrong solution. Minimum wage laws dampen innovation and increase unemployment but many pundits have no understanding of how things work. See my latest Caveman article. trk.cp20/Tracking/t.c?7fo4p-g4bm3-s20ji80&_v=2

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