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I think you miss the point of the article. It's not that technology destroys jobs but that in the next century, technology could potentially destroy jobs at a f
by daviddavis 10y ago
I think you miss the point of the article. It's not that technology destroys jobs but that in the next century, technology could potentially destroy jobs at a faster rate than it adds new ones. That would be an unprecedented event in American history.
- candiodari 10y agoI think the point of the first graph in the article is that this is not true. Technology is destroying jobs faster than creating them for ~45 years now. The thing people forget when comparing to past technological advances is that for the largest part of history unemployment was 90%+ at the best of times, ever since a few hundred years into the Roman Empire, if you count subsistence farming as unemployment (and since people didn't do that unless they had to, you should). I think this is what's really happening. The economy is reverting to it's natural state. Of course for most of us that's not a good description of what's happening. Better would be to say "conditions are returning to what they were in the middle ages".