Description

Overview:

When machines or computers are used to automate a task, does that mean that human workers will lose their jobs? As with most questions in economics, it depends. See how computers and toilet paper illustrate two different effects of technology on jobs. Overall, EconGuy shows that even when workers in one industry lose out, the economy as a whole benefits from automation and technology.

Subject:

Economics

Level:

High School, Community College / Lower Division, College / Upper Division

Material Type:

Lecture

Author:

Patrick Walsh

Provider:

Saint Michael's College

Provider Set:

EconGuy Videos

Date Added:

11/29/2013