Tuesday, June 14, 2011

Obama - 'ATMs to Blame For High Unemployment'

To be fair, ATMs were an example to put the blame for unemployment on automation. Automation is just his way of blaming increased efficiency. It is not a new argument, which perhaps saw its greatest heyday at the beginning of the industrial revolution. Ultimately it is a poor argument and one that should not change many views.

Video embedded below.

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