Order the answer to: In 2010, President Obama said that technological progress kills jobs.

Assignment Help business-economics Order the answer to: In 2010, President Obama said that technological progress kills jobs.

business-economics

Order the answer to: In 2010, President Obama said that technological progress kills jobs.

Question In 2010, President Obama said that technological progress kills jobs. Recall that labor-saving technology substitutes for existing labor inputs and reduces the marginal product of labor. Taking the example of an ATM (Automatic Teller Machine), Obama said that the fact that ATMs have replaced tellers pointed to a structural problem in the economy. Is labor-saving technology necessarily a bad thing?
Subject business-economics
Ready to try a high quality writing service? Get a discount here