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The article presents clear evidence that the overall output has declined. This is far more consequential than just employment. The example given with agreecult
by sologoub 10y ago
The article presents clear evidence that the overall output has declined. This is far more consequential than just employment.
The example given with agreeculture is also spot on - during the industrial revolution, total farm employment plummeted, but total farm output soared, and continues to grow to this day.
Automation in the manufacturing sector would look similarly - job losses, but increased production. That's not happening. Instead we have a shift of production base out of US.
Swiss seem to be getting some of this right with their automated factories: https://www.bloomberg.com/news/articles/2017-02-17/robots-or-exit-is-swiss-factory-choice-as-franc-and-wages-bite https://www.bloomberg.com/news/articles/2017-02-17/robots-or...