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Type: Posts; User: Kelly Bramble

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  1. And an important quote: "Over the long run,...

    And an important quote:


    "Over the long run, technological advance creates new goods and services, raises national income, and increases the demand for labor throughout the economy. However, it...
  2. Don't Fear Change by the Introduction of New Technology

    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...
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