Jobs disappear, and new ones get created. This is true. However, the new ones are not in the same places as the old ones, they are not the same level of pay, th

Jobs disappear, and new ones get created. This is true. However, the new ones are not in the same places as the old ones, they are not the same level of pay, they're not the same level of training, and, most importantly, they're not in the same number as the old ones. Productivity growth is great, if you're in a position to take advantage of it. If you're unemployed, and are unable to get a new job, all the productivity gains in the world won't help you when you can't make your mortgage.