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Employment Effects: the Establishment and the Economy

In: Computer Technology and Employment

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  • Stephen G. Peitchinis

Abstract

This is perhaps a wrong time to be writing on employment implications of a new technology. Lack of economic growth has limited the macroeconomic offsets to structural and technological changes, and unemployment created deliberately by public policy distorts the reality of economic processes and their effects. Under normal economic conditions the technologically displaced workers from activity X will be picked up, with or without retraining, for employment in activity Y. If there is no expansion in activity Y, the worker will not be picked up. Which suggests that the problem is not with activity X, but rather with activity Y. Although some would assert that if activity Y is in a state of stagnation, as the economy at large has been, then activity X should not be permitted to displace the worker at this time. It should postpone the technological change until better conditions prevail.

Suggested Citation

  • Stephen G. Peitchinis, 1983. "Employment Effects: the Establishment and the Economy," Palgrave Macmillan Books, in: Computer Technology and Employment, chapter 8, pages 132-151, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17322-8_8
    DOI: 10.1007/978-1-349-17322-8_8
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