Watz really meant?

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Friday, October 8, 2010

Modern Technology & Employment (Part V)

Why there was serious, persistent and growing unemployment?
Rifkin, in a recent interview while he was attending an international workshop on the Global Economy held in San Francisco, as president of the Washington-based Foundation on Economic Trends and author of several best-selling books on environment and society, including Entropy and Biosphere politics, attempted to answer the question why there was serious, persistent and growing unemployment in the industrial countries, although productivity and output had been rising. Rifkin found that this de linking of jobs from economic growth could be explained by the fast expansion of information technology in both the industrial and service sectors. And in the near future the livelihoods of millions of farmers, particularly in the south, will be threatened by tissue culture and genetic engineering that can produce foods and fibers in the laboratory.

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