The common view is that an increase in productivity increases economic growth and welfare. However, can you think of scenarios in which productivity growth can lead to job destruction and poverty? Should governments provide guaranteed income for displaced workers? Write a brief (!) discussion of both questions.

The common view is that an increase in productivity increases economic growth and welfare. However, can you think of scenarios in which productivity growth can lead to job destruction and poverty? Should governments provide guaranteed income for displaced workers? Write a brief (!) discussion of both questions.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter19: Economic Growth In Developing Nations

Section19.1: Characteristics Of Developing Nations

Problem 5R

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