Technological progress, agriculture, and employment Discuss the following statement: Those who argue that technological progress does not

Question:

Technological progress, agriculture, and employment Discuss the following statement: "Those who argue that technological progress does not reduce employment should look at agriculture. At the start of the last century, there were more than 11 million farm workers. Today, there are fewer than 1 million. If all sectors start having the productivity growth that took place in agriculture during the 20th century, no one will be employed a century from now."

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Macroeconomics

ISBN: 9780133780581

7th Edition

Authors: Olivier Jean Blanchard

Question Posted: