Also, > To make things worse, there actually is a class of people who have no job at all, which creates a kind of fear among the hangers-on. Is a rephrasing o

Also, > To make things worse, there actually is a class of people who have no job at all, which creates a kind of fear among the hangers-on. Is a rephrasing of Marx's idea of the reserve army of labor. They are the lumpen who _could_ be used as replacements but mostly aren't. I do mostly agree with GP's main point. The skill floor for meaningful work—even before this recent round of AI hullabaloo—has increased to the point where there are many people unemployable at any wage.