“Experience keeps a dear school, yet fools will learn in no other.” — Ben Franklin
I must be some kind of fool because I’ve learned a lot from history and my own experiences on Wall Street over the past 50 years.
For example, I’ve learned to be skeptical of claims that automation and technology will cause massive unemployment. Yes, computers will replace jobs, but they also will create new jobs.I remember reading an article in U.S. News & World Report in the 1960s about how “Automation Will Destroy Jobs.” Yet, new technology ended up creating more new forms of employment […]
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