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The Benefits: Labor Gains

Arthur M. Diamond Jr.

in Openness to Creative Destruction: Sustaining Innovative Dynamism

Published in print:
2019
Published Online:
June 2019
ISBN:
9780190263669
eISBN:
9780190263706
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190263669.003.0007
Subject:
Economics and Finance, Microeconomics

New jobs created by innovative dynamism tend to be better jobs than old jobs destroyed. The new jobs are usually safer, cleaner, less routine, more creative, and more satisfying. Most factory jobs in ... More


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