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In theory, gains in productivity from computerized resources would replace the need for human work. (Voicemail and word processors made secretaries obsolete in
by jonnathanson 15y ago
In theory, gains in productivity from computerized resources would replace the need for human work. (Voicemail and word processors made secretaries obsolete in many organizations, for instance). But in practice, work has simply grown more complex and more voluminous to accommodate the productivity gains.
Consider the humble spreadsheet, arguably the most powerful business innovation of the last 50 years. Now that people can calculate complex models in hours, not weeks, have the fields of corporate finance and forecasting gone away? Hardly. If anything, more work gets packed into each day to fill the vacuum left by not having to crunch numbers on paper for days on end. And the level of sophistication going into deal analysis has increased, allowing people to spend more time planning and less time bean-counting.
Sure, some jobs have been in outright decline since the rise of technology. Secretaries, human computers (sorry, Frank Herbert!), many factory workers, and so forth. But the net amount of work to be done hasn't decreased. If anything, it's increased dramatically. It's just shifted to the knowledge-worker side. And knowledge workers' workloads have skyrocketed. All of this technology has actually made us busier and more productive, because it has allowed us to do more each day.
The theory that technology replaces the need for X or Y work is based on the flawed assumption that the total need for X or Y work remains static over time. In the knowledge worker's domain, it does not. It turns out that meeting the need for X and Y actually increases the need for, or at least the expectation of, more X and Y. In this sense, I tend to agree with PG's argument (and the arguments of those like him).
- loup-vaillant 15y agoConsider 2 variables: Productivity is the "quantity" of "stuff" produced by man-hour (on average). Wealth is the "quantity" of stuff consumed by man-day (on average). So, on average, hours-of-work-per-day = wealth ÷ productivity The question is, can wealth absorb all the productivity gains? If so, no problem. If not, then mechanically, there will be less and less hours worked per day, on average. In a world where we all want a "full time" job, that means unemployment. Looking at the current trends, I'd say wealth absorbs only a (big) fraction of the productivity gains. Which means unemployment.