There is no net total displacement of labour as long as Gross National Product keeps pace with the gains in output per man hour.

Nevertheless, the technological changes and productivity movements among plants and industries are accompanied by differential movements in output. So, employment displacement may be directly related to productivity gains, even though there is no net, overall displacement for the total economy. The expertise of many individual...

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In the post Second World War period, employment and output per man hour in the total private economy both increased.

In agriculture large increases in output per man hour throughout the period were accompanied by fairly sizeable declines in employment, as workers and small farm owners left the farms for more lucrative pay in other sectors. Among the leading non agricultural sectors, three had a lower level of employment in 1959 than in 1953. In...

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The graphic is also clouded when investigation is confined to the market as a whole, or to important sectors alone.

The aggregate approach, while useful and occasionally the sole choice available, may average out hundreds of individual events. Technological change doesn’t happen uniformly and evenly throughout the economic system. Indeed, there are sharp breakthroughs in some industries or some production processes while some stay dormant....

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