3 ms·
For those industries you listed the same would have been true in the 1930s when the prediction was made so I don’t think Keynes was referring to those. In all l
by throwaway316943 6y ago
For those industries you listed the same would have been true in the 1930s when the prediction was made so I don’t think Keynes was referring to those. In all likelihood he was talking about manufacturing and professional jobs. The divergence seems to be that the blue collar workers were fired and/or their jobs offshored while not much has changed for the white collar workers except for the digitization of paperwork and the elimination of support roles with accompanying responsibilities now transferred to the professional. I think we screwed the pooch on this one and we should own up to it.