Economics @ ITT

Joseph Stiglitz: Innovation should focus on quality of life, not just productivity

Posted in economics, employment, environment, externalities, Policy Issues, Regulation by ittecon on March 16, 2013

“We have a lot of unemployment and yet firms are investing in machines to replace unskilled workers,” he said. “Do we want to create more unemployment of unskilled workers? No. We want to focus our innovation on saving our planet, resources, the environment and the quality of life.”

via Joseph Stiglitz: Innovation should focus on quality of life, not just productivity | Bangkok Post: business.

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