Jobs Not Saved In 1956
26th June 2010
What a difference 54 years makes. Of course, Schumpeter told us it would happen.
What if our government, in 1956, had been focused on saving the jobs of the people who manufactured the parts and materials in the IBM Hard Drive, rather than promoting policies which allowed and encouraged technological innovation?
You would have the current Democratic Party policies which focus on subsidizing non-economically viable union jobs in the public and private sectors for political reasons, while punishing wealth creation in the name of fairness.
Yeah, what if?