Does Technology Create Jobs?

Abstract

Two leading economists, MIT's Paul Krugman and the Hoover Institution's David R. Henderson, debate whether jobs lost to technology are met by a net increase in jobs elsewhere in a more productive economy. Krugman, a noted liberal, says maybe in the long run, but for now ordinary workers see their wages falling. Henderson, a conservative, says that the problem is not the elimination of jobs through technology but a workforce with inadequate skills.