NO ONE WHO DRAWS A SALARY WILL BE SAFE…

February 4th, 2013

derf 130204

People are naturally terrified when the economy is not growing. Technical change becomes the great evil, and gives people something concrete to blame for their economic woes. It also provides a handy scare tactic for those want to squeeze wages and workers, and a cover for politicians who push austerity policies and object to government intervention in the economy. During his first term, President Obama sometimes echoed this line of thought in remarks about the rise of things like ATMs, suggesting that because automation causes unemployment, there’s not a lot the government can do. (Never mind the incredible proliferation of banks on every corner staffed with what appear to be humans.)

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