technology leads to lower costs when it replaces workers' salaries. It does the opposite when it requires more highly-trained workers to utilize that technology. Higher education, medicine, dentistry and the legal profession all provide examples.

technology leads to lower costs when it replaces workers' salaries. It does the opposite when it requires more highly-trained workers to utilize that technology. Higher education, medicine, dentistry and the legal profession all provide examples.

Robert B. Archibald
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technology leads to lower costs when it replaces workers' salaries. It does the opposite when it requires more highly-trained workers to utilize that technology. Higher education, medicine, dentistry and the legal profession all provide examples.

Robert B. Archibald, Why Does College Cost So Much?
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