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(2005) and Ramey (2009) in order to account for the impact of technological progress on the value of time.
"We are not recognizing the impact of the economic status.
Finally, the positive impact of technological progress on the retirement age is lower the higher the generosity of the retirement system.
Indeed, one can think of many other industries with similar aversions to technological change from manufacturers of photographic film refusing to recognize the impact of digital photography, to the recording industry fighting against digital distribution of music.
They grappled with the impact of technological and material progress on the one hand, and with an ever-deepening anxiety and pessimism on the other.
The tendency to exaggerate the impact of technological innovation follows from an artifact of historical consciousness.
The impact of technological advancement, however, is an average effect.
Consider even doctors: The New York Times warns: "Health care jobs may be safe now,but our sense of what's safe has been consistently belied by the impact of our technological progress".
The disruptive technologies model contrasts the pace of technological progress with customers' ability to use that progress.
These new forms of automation have renewed the debate over the economic consequences of technological progress.
The courts, then, have misjudged the nature of technological progress.
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