It's important to distinguish "a bad thing for the economy in general" from "a bad thing for an individual's share of the economy". Job loss without a correspon

It's important to distinguish "a bad thing for the economy in general" from "a bad thing for an individual's share of the economy". Job loss without a corresponding drop in production is a good things for the economy as a whole - it's getting what's demanded more efficiently. It's terrible for the unemployed individuals in question, since they lost the leverage they were using to extract a larger share of the total economic output.