Free market principles are evident in Asian economies. However, isn't it also true that some Asian countries - Japan, for example – ascribe to an approach to economic development that emphasize government action to stimulate industry? Japan has had its economic troubles in recent years, as all countries do, but does its general success give credence to the theory that government should actively work to stimulate industry?
It is stated in Adam Smith's The Wealth of Nations that the invention of machines facilitated and abridged labor. Does this not also degrade man power and at the same time removes the opportunity for the laborer to develop skills in performing the task?
If every laborer has only one task to perform and specialized with, what if a situation comes that there is a need for a new man to perform such task isn't it that it will be more convenient to have a man who is already part of the company who could have learned the skill than to hire a new one?
It is stated in Adam Smith's The Wealth of Nations that the invention of machines facilitated and abridged labor. Does this not also degrade man power and at the same time removes the opportunity for the laborer to develop skills in performing the task?
If every laborer has only one task to perform and specialized with, what if a situation comes that there is a need for a new man to perform such task isn't it that it will be more convenient to have a man who is already part of the company who could have learned the skill than to hire a new one?
Adam Smith's book is very profound, as it speaks the dawning of the human-like robots.
ReplyDeleteI admire Japan because they close themselves from the world, yet manage to boom their economy..all because of hard work and perseverance.
ReplyDeletethis will happen not in this generation. it will take more than a man's capacity as of the moment to formulate correctly the syntax of achieving a perfect concept of robots and machines. Anna Hansen
ReplyDeleteI agree, we never know the robots capabilities. We should learn to balance tasks between humans and robots.
ReplyDeleteToday, the competition in looking for work is greater than it was 50 years ago. We now even compete with technology.
ReplyDeletewhen machines evolve, this means degradation of man power and limiting the skills of people.
ReplyDeleteSaw your comment on the feminism post and I understand. It's clear that those that do not want women to full take charge of their destiny and rights are the ones hating feminists. I am one and I am proud to be.
ReplyDelete