There was a long lag between the time when companies invested in hardware and the time when worker productivity started really picking up. And a lot of the job

There was a long lag between the time when companies invested in hardware and the time when worker productivity started really picking up. And a lot of the job reduction didn't happen in firings, it happened in not replacing retirements. Unemployment lags behind productivity increases. Productivity increases lag behind tech adoption. Tech adoption lags behind innovation. innovation lags behind technology maturation. technology maturation lags behind science. A lot of the transformation automation is in the "science/maturation" or the "innovation" phases.