Timothy Taylor asks quot;There’s a US company which has developed a new technology that allows them to make a certain product more cheaply.
Timothy Taylor asks “There’s a US company which has developed a new technology that allows them to make a certain product more cheaply. This company hires some additional workers, but the other firms trying to make that same product don’t have the technology, so they lay off workers or even go bankrupt. Should step be taken to ban or limit the use of this new technology?”
Source: http://conversableeconomist.blogspot.com/2017/11/trade-technology-and-job-disruption.html
What do you think about this? How would you answer Timothy Taylor’s question?
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