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To: Skeeter Bug who wrote (88329)3/31/2001 7:03:14 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
what if those 100 people sat around and collected unemployment and did nothing productive (in fact, they took from the system!)? then macro productivity went nowhere, all else being equal.


Wrong answer, while all these people were put out of work by computers, the unemployment rate was hitting historical lows so obviously they are either being put to sleep or put to work doing something else.

I don't know how you measure something like this on the macro level and I doubt Greenie knows either (that's what makes him dangerous), so I agree he's most likely wrong. The fact that it exists is undisputable, what it means for the macro economy is very disputable.