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August 17, 2015

Title: Will Technology Create New Jobs?
Topic: Future for New Jobs

Discussed by Dr. Mark Hendrickson
with The Institute for Faith and Freedom (www.FaithAndFreedom.com)

Part 1 of 2

Technology is evolving every day. Think back ten years and you’ll realize just how different the world is. Think back 100 years ago and your mind will be blown!

Dr. Mark Hendrickson  is an adjunct faculty member, economist, and fellow for Economic and Social Policy with the Center for Vision and Values at Grove City College.  Dr. Hendrickson says there are good and bad aspects of technology, specifically concerning the workforce. “We have more jobs in technology and we have a higher standard of living than ever before,” he points out. However, it is tragic that many farmers over the last few decades have lost their farms and way of life due to technology.

It all depends on the market: if there is demand for a product, then people will buy it. “The market gives the verdict,” Dr. Hendrickson says. If one thing doesn’t work, then try another one! Those pessimists out there are crying, “We’re running out of jobs!” Well, Dr. Hendrickson disagrees. “There will always be more jobs because there are always more unfilled human needs and wants.”

NOTE: The United States currently ranks 82nd in terms of government regulations on business. That is not in the good part of the top 100.

Listen in to the next segment as Dr. Mark Hendrickson discusses employment, the differences between full-time and part-time workers, and what it best for the economy.

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Title: Part 2 of 2 - Will Technology Create New Jobs?
Topic: Future for New Jobs

Discussed by Dr. Mark Hendrickson
with The Institute for Faith and Freedom (www.FaithAndFreedom.com)

Quantity does not always equal better quality. Dr. Hendrickson references a story about a businessman who visits China and gives them a lesson in quantity – but the end result wasn’t higher quality.

When Henry Ford invented the assembly line, he put the worker who handled the horse and buggy out of business! Things were easier to get done, but less people were working; therefore more people were out of work and desperately looking for jobs. What seemed like a blessing wasn’t really all that great in some aspects.

“Change comes with growing pains,” Dr. Hendrickson says. Unfortunately, in the process of creating more things that the consumer wants, sometimes it destroys other jobs. “In a free market, there will always be new businesses,” he continues. Is this just a way of life? Are technological advances good or bad? “The only obstacle to it is government meddling with the formation of new business that give rise to these new products and employment opportunities,” Dr. Hendrickson points out. Government is definitely adding fuel to the fire, not bringing the fire hose.

Here’s a novel idea: Mandate all elected officials work in the private sector for a minimum of ten years before being eligible to run for office! “Wouldn’t it be nice if they at least understood business?” Dr. Hendrickson asks.

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