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No thats not what empirical data is showing. You need to account for a couple of really really important factors. 1) Population growth 2) Globalization 3) Te
by ThomPete 9y ago
No thats not what empirical data is showing. You need to account for a couple of really really important factors.
1) Population growth
2) Globalization
3) Technological acceleration
4) Cost of switching to automation
5) Monetary policies to keep economy going
6) The way employment are measured
Unemployment rates aren't what you think they are. In the US 95% of the jobs created since 2010 are temp jobs not actual structurally solid jobs. Furthermore the wages are stagnating while the cost of living is soaring.
So you are looking at this from the wrong angel. Empirical data all points to the fact that humans in normal jobs makes less and less money because their role as a function of the given industry are diminishing. Only a small group of people actually experience growth (and accelerating too).
- deleted 9y ago[deleted]