Benjamin Freidman has joined the ever growing neo-Luddite movement in America that mistakenly attributes our economic problems to too much technology and automation. This theory has now basis in the facts and is damaging to long term U.S. economic and innovation competitiveness.
Robots Taking All Our Jobs? Ridiculous
With unemployment rates so high for so long, one explanation making the rounds is that "the robots are taking our jobs." Fortunately for workers and for those who understand the potential of new technologies, these ideas are essentially misguided speculation. They fly in the face of years of economic data as well as current trends.
Increased Productivity is Key for Healthy Manufacturers, Healthy Economy
In today’s hypercompetitive global economy, even the best manufacturers need to continuously boost productivity to survive. However, a growing number of pundits, activists and policymakers now argue that productivity causes job loss and therefore is bad for the economy. They are wrong.
Competitiveness, Innovation and Productivity: Clearing Up The Confusion
To listen to many economists, pundits and policymakers discuss the economics of growth it would be easy to be confused by the commonly used terms: competitiveness, innovation and productivity. These terms are often used almost interchangeably and with little precise meaning. To remedy the situation, this policy memo defines these terms and explains how each is important in driving economic prosperity.