4 ms·
I don't know. So far unemployment due to more efficient technical advances hasn't lead to overall structural unemployment so I'm not too worried in the long ter
by tdb7893 10y ago
I don't know. So far unemployment due to more efficient technical advances hasn't lead to overall structural unemployment so I'm not too worried in the long term. For example if we can ship goods much more efficiently it could lead to increase in production of goods, mining of raw materials, even the service industry as people have more disposable income and that's not even counting the jobs running and maintaining the autonomous fleet. I'm not saying the short term might be kinda hard but long term the economy will adjust.
- knieveltech 10y agoLike it's been adjusting for the last 40 years? Do we need to review graphed data for labor force participation, real wages, and income inequality?