Nouriel Roubini is generally a pessimistic writer, always trying to predict the next bust or crisis with mixed results. That said I think his analysis is on point here.
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By Nouriel Roubini
Published: Jan 5, 2015 10:02 a.m. ET
NEW YORK (Project Syndicate) — Technology innovators and CEOs seem positively giddy nowadays about what the future will bring.
New manufacturing technologies have generated feverish excitement about what some see as a Third Industrial Revolution. In the years ahead, technological improvements in robotics and automation will boost productivity and efficiency, implying significant economic gains for companies. But, unless the proper policies to nurture job growth are put in place, it remains uncertain whether demand for labor will continue to grow as technology marches forward.
http://www.marketwatch.com/story/wil...me_latest_news
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By Nouriel Roubini
Published: Jan 5, 2015 10:02 a.m. ET
NEW YORK (Project Syndicate) — Technology innovators and CEOs seem positively giddy nowadays about what the future will bring.
New manufacturing technologies have generated feverish excitement about what some see as a Third Industrial Revolution. In the years ahead, technological improvements in robotics and automation will boost productivity and efficiency, implying significant economic gains for companies. But, unless the proper policies to nurture job growth are put in place, it remains uncertain whether demand for labor will continue to grow as technology marches forward.
http://www.marketwatch.com/story/wil...me_latest_news
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