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Generally, the way it works is like this, a new technology comes around and every one in that generation that had that career is out of a job in that industry.
by nickgrosvenor 10y ago
Generally, the way it works is like this, a new technology comes around and every one in that generation that had that career is out of a job in that industry.
So a whole generation loses a job. Most of them don't get new jobs.
Their kids learn new vocations.
https://en.wikipedia.org/wiki/Power-loom_riots https://en.wikipedia.org/wiki/Power-loom_riots
Happened in the textile industry. In New England, Portuguese immigrants lost their jobs building cloths to more efficient machines and outsourcing, their kids became lawyers and doctors.
This will most likely happen in today's computerized automation wave.
One generation gets screwed but their children adapt to new opportunities.
- afastow 10y agoJust because it worked out in the past doesn't mean it will continue to work out in the future. There is no fundamental reason that pattern is guaranteed to continue and some evidence exists already that this time really is different.
- gloverkcn 10y agoIf industry displacement starts occurring more than once a generation? Our rate of advancement is increasing. We will get to the point where new job opportunities will be automated before there's even a real workforce.
- flukus 10y agoNew jobs will only be created if people can consume (and afford to consume) more. We're getting pretty close to consumption limits.