Monday, March 21, 2011

The Liberal Arts and Job Creation

Room for Debate has a fascinating discussion about the types of fields that are likely to produce good jobs, using Steve Jobs and Bill Gates' philanthropy as examples of competing approaches.

The kicker here is to understand that innovation and technological advancements don't necessarily produce very many jobs; think of Google or Facebook's incredible social impact relative to their small workforces. This is a big part of the argument in economist Tyler Cowen's The Great Stagnation, an eBook.

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