Reply #19: Consider both macro and micro impacts of technology.

[Redleg]

At the macro level it has contributed to a relatively high rate of productivity increases. At a micro level it has displaced workers but created new work for others. Technology improves the work of some people and makes worse work for other workers. For example, I am a professor- technology in the form of computers and statistical applications helps me crunch numbers. In other industries, workers simply tend the machines while the machines do the work. These workers get deskilled by the technology.

As you can see, the impact of technology is complex.