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.There is a chapter on "The curse of machinery" (read online - http://www.fee.org/library/books/economics-in-one-lesson/#0....), that explains why this whole post is thousand years long delusion, that keeps coming back every decade or so.Highly recommended to anyone who wants to understand true fundamentals of the sound economies.