It’s Not China; It’s Efficiency That Is Killing Our Jobs
This reminds of wonderful book - "Economics in One Lesson". Written half a century ago it describes most economy fallacies, that are dominating even among intelligent people. If you didn't know, you would think it was written today.<p>There is a chapter on "The curse of machinery" (read online - <a href="http://www.fee.org/library/books/economics-in-one-lesson/#0.1_L8" rel="nofollow">http://www.fee.org/library/books/economics-in-one-lesson/#0....</a>), that explains why this whole post is thousand years long delusion, that keeps coming back every decade or so.<p>Highly recommended to anyone who wants to understand true fundamentals of the sound economies.