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These type of articles always come with stark warnings that in the future many people won’t have jobs, however if you compare today’s technology versus the 60s
by lucaspiller 9y ago
These type of articles always come with stark warnings that in the future many people won’t have jobs, however if you compare today’s technology versus the 60s and 70s, the data would tend to disagree.
In the US the unemployment rate is now at it’s lowest point for 15 years, and if it continues to drop like this will be at the lowest for half a century. What’s going on here, is it just the criteria for unemployment has changed?
https://tradingeconomics.com/united-states/unemployment-rate https://tradingeconomics.com/united-states/unemployment-rate
- fred_is_fred 9y agoUnemployment only measures people looking for work. So anyone who is retired (we have an aging population) or who has given up looking (for lack of skills, drug conviction, drug addiction, etc) also don't count. A more interesting graph is labor force participation.
- TheCoelacanth 9y agoBut when so much of the change in labor force participation rate is so easily tracked to aging, why would you make inferences about automation based on that?