Don't Fear Change by the Introduction of New Technology
[COLOR=#333333][FONT=Verdana]The “lump of labor” fallacy is the assumption that there is a fixed amount of work, which determines the number of jobs in an economy. The new Page One Economics issue explains why this isn’t true and where jobs come from:
[/FONT][/COLOR][URL="https://research.stlouisfed.org/publications/page1-econ/2020/11/02/examining-the-lump-of-labor-fallacy-using-a-simple-economic-model"][U][B]Examining the “Lump of Labor” Fallacy Using a Simple Economic Model[/B][/U][/URL][COLOR=#333333][FONT=Verdana]
[/FONT][/COLOR]https://research.stlouisfed.org/publications/page1-econ/2020/11/02/examining-the-lump-of-labor-fallacy-using-a-simple-economic-model