Based on the following reasoning, courtesy of CNN.com, technological regress would be a great way to create jobs: “technological improvements have led to a staggering surge in productivity, meaning employers are able to milk much more work out of fewer workers. That’s great news for corporate profitability and economic growth, but of small consolation to the nine million people looking for work. “
Let’s review Bastiat’s Candlestick Makers’ Petition: “We ask you to be so good as to pass a law requiring the closing of all windows, dormers, skylights, inside and outside shutters, curtains, casements, bull’s-eyes, deadlights, and blinds -- in short, all openings, holes, chinks, and fissures through which the light of the sun is wont to enter houses, to the detriment of the fair industries with which, we are proud to say, we have endowed the country, a country that cannot, without betraying ingratitude, abandon us today to so unequal a combat.”
