What you're seeing is "creative destruction". If you focus on any one industry or sector for a short period of time, then yes, there's less work to go around. B

What you're seeing is "creative destruction". If you focus on any one industry or sector for a short period of time, then yes, there's less work to go around. But if you widen your lens across time and industries, what you'll see is that these jobs will be reallocated to more productive uses of human effort. That is, automation has made these people's effort relatively less productive compared to a machine, so they need to find work in a different field. I'm not saying that this process is all sugar and rainbows, losing your job to automation _is hard_. Some will never recover. However, human society has always valued what is scarce. What will be scarce in the future is products and services made by human hands. Already we see this happening. Visit a farmer's market - see all the hand-crafted soaps? If you could have a new desk from Ikea or made with hand hewn wood, engraved and embellished by a true craftsman, which would you prefer? It sounds trite today, but as our most basic necessities continue to be met at ever cheaper rates, we'll start trading our labor for better, higher quality things. Where quality is measured in human ingenuity and artistic beauty. We can see this shift all around us. The rise in natural grocery chains, farmer's markets, Etsy. There are hundreds if not thousands of individuals who have quit their jobs to become full time YouTube creators. I know that it all sounds banal, but it's because it is currently only the wealthiest in society who at this moment can afford to shop exclusivly at Whole Foods. However, in a truely vibrant economy, one that embraces change and makes reallocation of effort as smooth as possible, one with ample access to capital, one with low barriers to entry, will bring these luxuries of today to society as a whole tomorrow. And it will probably happen faster than human history has ever made it happen before. We're just impatient and spoiled by a world that's changing ever more quickly.