Technology has created more jobs than it has destroyed, says 140 years of data

Re:Technology has created more jobs than it has destroyed, s... by toyg on Tuesday August 18, 2015 @07:02AM (#10078502)

That's a cultural construct, not an economic one. In a lot of other countries, it's perfectly acceptable to rent or live in flats, or around cities that are not the capital; but in England, these conditions carry a huge social stigma, which is compounded by deeply-entrenched classism. It's a perfect storm, really; but yeah, you're doing it to yourself. Move to Manchester ;)

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Re:Technology has created more jobs than it has destroyed, s... by tim333 on Tuesday August 18, 2015 @07:40AM (#10078627)

Also in other places eg Florida it's considered ok to build inexpensive housing. England's covered with fields and woods but it's considered horrific to build on which helps the high prices. Also if you built in London like they do in Guangzhou you could pack about 5 times as many people but again people hate the idea.

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Re:Technology has created more jobs than it has destroyed, s... by redcalx on Tuesday August 18, 2015 @07:45AM (#10078651)

> That's a cultural construct

The rental versus buying dichotomy is orthogonal to the issue of limited supply. If everyone rents there is still the same overall demand for accommodation, hence rents would be high (due to limited supply) and that would propagate through to push up property prices. End result is the same.

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Re:Technology has created more jobs than it has destroyed, s... by bwohlergo on Tuesday August 18, 2015 @08:32AM (#10078808)

that was one example he gave, you've not diminished his point in any way by questioning only a part of his argument.

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