I agree with this. We have been able to absorb displaced workers because the economy had been growing at a rate higher than natural growth (population/inflation

I agree with this. We have been able to absorb displaced workers because the economy had been growing at a rate higher than natural growth (population/inflation). But the us economy has matured, it is no longer growing dramatically as it once was. While some technological advancements can create new markets and growth for the economy; Many technologies are designed to address inefficiencies in the market or business processes which will ultimately result in a net decrease in employment. Also, technology is also a poor business decision if it costs more than existing methods taking into account increases in productivity.