Re: Job flight

[Doug Henwood <dhenwood@xxxxxxxxx>]

Michael Perelman wrote:

> Supposedly, new technology lowers prices, which spurs new demand,
> which reemploy as
> the workers.  I'm not saying I accept this argument, but I have not seen many
> economists eating crow.

Several centuries of capitalist history are on the side of the
non-crow-eaters, no? I like Ursula Huws's argument that one reason is
the continued commodification of household tasks, an instance of
capitalism's seemingly endless propensity to create new and
profitable "needs."

Doug