Workers exchange spools of thread as a robot picks up thread at the Repreve Bottle Processing Center, part of the Unifi textile company in Yadkinville, N.C., Oct. 21, 2016. America has lost more than 7 million factory jobs since manufacturing employment peaked in 1979. (Chuck Burton/AP FILE PHOTO) Worker displacement due to technology changes is nothing new. Neither are the government’s efforts to address the issue.
In a recent paper Scott Wolla, a senior economic education specialist at the Federal Reserve Bank of St. Louis , reminded us that as early as 1589 Queen Elizabeth refused to grant the […]
Full Post at www.mcall.com