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Published on Aug 30, 2011
Will a jobless economy last forever? Will computer efficiency remove jobs faster than the economy will provide them? Even the recent 7% growth in the economy was eclipsed by an 8% growth in productivity (efficiency). This does not portend well for job growth in the long run. How long will this go on? Listen to Robert Hormats, Vice Chairman, Goldman Sachs International, and former Assistant Secretary of State for Economic and Business Affairs and James Goodale, former vice chairman of The New York Times. 11/12/2003