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June 18, 2008

No, Sen. Obama, technology doesn't generally harm workers

Good retort by George Mason University's Don Boudreaux to an overstatement by Barack Obama:

According to today's Wall Street Journal, Barack Obama alleges that "Globalization and technology and automation all weaken the position of workers." If this presidential wannabe is correct, then some of the world's most prosperous workers must be the people in that newly discovered tribe in Brazil -- persons with absolutely no contact with the global economy or with modern technology.

Technology and globalization harm SOME workers. There is no disputing this. Right now technology and automation (the Web) are harming lots of workers in my business, the newspaper industry. But in aggregate technology and globalization deliver much more good than harm. They are the difference, as Boudreaux wryly notes, between a modern American standard of living and the Stone Age.

Posted by Jay Hancock at 11:34 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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