> We will find new industries which replace the old jobs Reading the book Janesville, I'm very pessimistic on the effects of programs aimed at retraining peopl

> We will find new industries which replace the old jobs Reading the book Janesville, I'm very pessimistic on the effects of programs aimed at retraining people for new careers once jobs in a town are lost. I'm convinced for the next generation that it's a net benefit, yes, but that many people who lose their job never really recover and the people who try to switch industries end up on average the worst off. We should be honest about the role we play. Even if it's a net positive, it's not a net positive for every person. For many people it can be devastating. (This actually bolsters your second point and helps make the case for a strong safety net.)