It is a rare day that I make more than one post. A rare day indeed.
Today is one such day.
Let me ask you something....do you think technology is the biggest problem facing
today? Do you think the advent of the computer has cost jobs? Or do you think that the efficiencies that the computer created has been a major step forward for economic growth and job creation? America
Maybe the Wright brothers should not flown, because the end result of their efforts is that many jobs have been destroyed. Train conductors and drives as an example. Passenger ships and their crews. Of course, we don't want to count all the new jobs created by the airline industry.
What about motor vehicles? Did the invention of the motor vehicle cost jobs or create jobs?
I don't know about you, but I can not think of a single technology that has not created economic growth. From the invention of fire through to the invention of microchips, every invention has created economic growth, improved standard of living ....and jobs.
If I said otherwise, you would think I was a crazy person right? You would scream at me, call me an idiot (or worse) and point me in the direction of any business, economics or history book at the nearest corner store.
So how is it that the leader of this country, our President, the man we entrusted to fix our economy, can get a pass when he states that the reason for slow economic growth and lack of jobs is technology!!
“It’s not as fast as it needs to be to make up for all the jobs that were lost. The other thing that happened, though, and this goes to the point you were just making. There are some structural issues with our economy where a lot of businesses have learned to be much more efficient with a lot fewer workers,” the President said. “You see it when you go to a bank and you use an ATM,” he added. "or when you go to the airport and check in through a kiosk."
Can you believe this?
He didn't really say that, did he?
Oh yes, he did.
Stupid is as stupid says!