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  • its_only_busine55 its_only_busine55 Feb 25, 2004 2:47 PM Flag

    Greenspan is Right on SS

    >>>
    So, yes, it is bad for the entire infrastructure - SS, education, everything that is government funded, in addition to the economy as a whole.
    >>>>

    You are ignoring the cost savings and productivity growth that more than offset negative effects of outsourcing jobs to cheaper labor or cheaper machines.

    While productivity growth and technological progress are bad for individual workers who are laid off, they are very good for the economy.

    You must believe that the US economy had suffered irreparable harm from using book-keeping software and construction cranes, because they eliminated so many jobs, tax revenues, and blah-blah-blah

    You are flat wrong my friend

 
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