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Quote by Luka Modrić

“Bit ću sretan ako vam moja priča pomogne u učvršćivanju uvjerenja da uvijek, i kad je najteže, vjerujete u sebe i ne odustajete od svojih ciljeva. S takvim uvjerenjem ostvarili su se moji najljepši snovi.”

Quote by Luka Modrić

Book:Moja igra
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Moja igra

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Luka Modrić

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“Some people believe labor-saving technological change is bad for the workers because it throws them out of work. This is the Luddite fallacy, one of the silliest ideas to ever come along in the long tradition of silly ideas in economics. Seeing why it's silly is a good way to illustrate further Solow's logic. The original Luddites were hosiery and lace workers in Nottingham, England, in 1811. They smashed knitting machines that embodied new labor-saving technology as a protest against unemployment (theirs), publicizing their actions in circulars mysteriously signed "King Ludd." Smashing machines was understandable protection of self-interest for the hosiery workers. They had skills specific to the old technology and knew their skills would not be worth much with the new technology. English government officials, after careful study, addressed the Luddites' concern by hanging fourteen of them in January 1813. The intellectual silliness came later, when some thinkers generalized the Luddites' plight into the Luddite fallacy: that an economy-wide technical breakthrough enabling production of the same amount of goods with fewer workers will result in an economy with - fewer workers. Somehow it never occurs to believers in Luddism that there's another alternative: produce more goods with the same number of workers. Labor-saving technology is another term for output-per-worker-increasing technology. All of the incentives of a market economy point toward increasing investment and output rather than decreasing employment; otherwise some extremely dumb factory owners are foregoing profit opportunities. With more output for the same number of workers, there is more income for each worker. Of course, there could very well be some unemployment of workers who know only the old technology - like the original Luddites - and this unemployment will be excruciating to its victims. But workers as a whole are better off with more powerful output-producing technology available to them. Luddites confuse the shift of employment from old to new technologies with an overall decline in employment. The former happens; the latter doesn't. Economies experiencing technical progress, like Germany, the United Kingdom, and the United States, do not show any long-run trend toward increasing unemployment; they do show a long-run trend toward increasing income per worker. Solow's logic had made clear that labor-saving technical advance was the only way that output per worker could keep increasing in the long run. The neo-Luddites, with unintentional irony, denigrate the only way that workers' incomes can keep increasing in the long-run: labor-saving technological progress. The Luddite fallacy is very much alive today. Just check out such a respectable document as the annual Human Development Report of the United Nations Development Program. The 1996 Human Development Report frets about "jobless growth" in many countries. The authors say "jobless growth" happens whenever the rate of employment growth is not as high as the rate of output growth, which leads to "very low incomes" for millions of workers. The 1993 Human Development Report expressed the same concern about this "problem" of jobless growth, which was especially severe in developing countries between 1960 and 1973: "GDP growth rates were fairly high, but employment growth rates were less than half this." Similarly, a study of Vietnam in 2000 lamented the slow growth of manufacturing employment relative to manufacturing output. The authors of all these reports forget that having GDP rise faster than employment is called growth of income per worker, which happens to be the only way that workers "very low incomes" can increase.”

TechnologyLudditesLabor Markets
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“No one can be certain whether our civilization will be able to cope with the ecological, demographic, and spiritual dangers it has caused or whether it will fall victim to catastrophe. So we cannot tell whether the present 'anti-capitalist', 'anti-globalist', and related obscurantist movements and ideas will quietly fade away and one day come to seem as pathetic as the legendary Luddites at the beginning of the nineteenth century, or whether they will maintain their strength and fortify their trenches.”

Anti CapitalismLuddites
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“The Luddites were also excellent trolls. They were, like the movement that was massacred at Peterloo a few years later, a prototypical class insurrection: but they carried it off with tremendous elan. The very name ‘Luddite’ deliberately evoked a fictitious leader, Ned Ludd, a product of legend and fantasy, fear of whom had British authorities and spies searching high and low for sign of him. His supporters decided that Mr Ludd lived in Sherwood Forest, home of the equally legendary Robin Hood, and signed their letters, ‘Ned Ludd’s Office, Sherwood Forest’. They cross-dressed and marched as ‘General Ludd’s wives’.”

TrollsTrollingLuddites
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“What happened to the classics?" you may ask. "Don't you believe in reading great literature to children?" Nothing happened to the classics-but something happened to children: their imaginations went to sleep in front of the television set twenty-five years ago. Reading a classic to a child whose imagination is in a state of retarded development will not foster a love of literature in that child.”

ReadingClassicsRead AloudLiteracy Children
Book:The Read-aloud Handbook
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