Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (15451)	12/12/2003 11:32:32 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

Productivity gains from technological advancement in manufacturing will always displace workers. This has been happening since people were manufacturing hand axes. Fewer people making hand axes but now everyone can afford one. Those that were no longer needed to make hand axes went on the invent the wheel. Years ago I spent a few days at a coal mine in Wyoming. One guy in an electrically powered shovel, two others with the dynamite, three drivers in huge dump trucks and one hopper operator did the work that used to take 20 men 20 days to do and they did it in the space of an hour. All except for the dynamite guys worked in clean air conditioned comfort. It was a long way from the vision of a long line of dirty worn out coal miners streaming out of the mines from back in the days when the average coal miner didn't live past 40. Who regrets losing those jobs working in the coal mine?