George Packer Quotes
The information age has made Thiel rich, but it has also been a disappointment to him. It hasn't created enough jobs, and it hasn't produced revolutionary improvements in manufacturing and productivity. The creation of virtual worlds turns out to be no substitute for advances in the physical world.
Packer, George. "No Death, No Taxes." The New Yorker, Condé Nast, 28 Nov. 2011.
A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. See related quotes for additional equally erroneous Krugman predictions.
In the Great Recession, the industrial production had improved much by 2012—the 4th year of the Obama administration. However, technology and automation were displacing workers. At the time, the U. S. was producing the same amount as before the Great Recession only it was being done with 5 million fewer workers.
Hine was emphasizing the importance of the worker, However, since 1932, there has been technological change. Behind the building of modern machines are still the brains of men, but not so much the toil anymore. Most machines are made in modern times by a combination of the “toil” of men and robots, and the proportion done by men is steadily decreasing. And this change has been a large factor of the loss of dignity and respect that the American manual worker has undergone.
Computers, robots have replaced many more American workers than those who lost their jobs by having them replaced by foreign labor. Ironically, even in counties like China, South Korea, and a number of others, have "liost" millions of jobs to automation thenselves.
George Packer is an American journalist, novelist, and playwright. He is best known for his writings for The New Yorker and The Atlantic about U.S. foreign policy and for his book The Assassins' Gate: America in Iraq. Packer also wrote The Unwinding: An Inner History of the New America, covering the history of America from 1978 to 2012. In November 2013, The Unwinding received the National Book Award for Nonfiction. His latest book Our Man: Richard Holbrooke and the End of the American Century was released in May 2019.
