Okay but that might be a little simplistic, because automation can also complement manual labor and create more demand for it. The example that comes to mind i

Okay but that might be a little simplistic, because automation can also complement manual labor and create more demand for it. The example that comes to mind is about ATMs and bank teller jobs: when ATMs were introduced it actually increased the number of teller jobs because branch offices became cheaper and banks opened more of them. Discussed in: http://www.econtalk.org/archives/2016/05/james_bessen_on.html http://www.econtalk.org/archives/2016/05/james_bessen_on.htm...