By definition, all labor-saving technology costs jobs. That is, unless you do something to compensate for it, like produce more total stuff than you used to.

By definition, all labor-saving technology costs jobs. That is, unless you do something to compensate for it, like produce more total stuff than you used to. And, of course, more total stuff will only get made if people are willing to spend more money to buy the additional stuff. There's only a problem if we're expecting people to get that money from... wait for it... jobs. So let's lower interest rates and make it easier for everyone to borrow money. That will boost spending and create jobs! What could possibly go wrong?