SOCI 235 Lecture Notes - Lecture 21: Jeremy Rifkin, Hosiery, Containerization
10 Dec 2014
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Document Summary
Technology and aggregate employment th: in the ports containerization eliminated large numbers of jobs. The introduction of cutting machines eliminated large numbers of jobs in the logging firm studies by mercure. It is easy to multiply examples of this. In the early 19 century workers in the hosiery and lace industries in england broke up knitting machines. They were called luddites and were motivated by fears of jkob elimination. When transportation in horse-drawn carriages was replaced by streetcars and railways, large numbers of jobs were eliminated. Sauvy in la machine et le ch mage provides some initial broad historical evidence on the association between technological innovation and the state of the labour market. During the industrial revolution both labour productivity and employment rose. Think about what might have happened to unemployment. Countries with high unemployment have low productivity growth. The third world which has both low productivity growth and high unemployment exemplifies.
