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Although the world population has more than doubled from the middle of the twentieth century, technology has doubled many times more, and continues to at a much
by JDulin 15y ago
Although the world population has more than doubled from the middle of the twentieth century, technology has doubled many times more, and continues to at a much faster rate than our rate of consumption and reproduction. This exponential increase means that is only a matter of time until the efficiency of technology overtakes the amount of jobs that a society needs to produce more than it needs.
Technology will net kill jobs someday if it isn't already. It remains to be seen whether that is happening now, or if this unemployment is just the symptom of a country that has borrowed too much.