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She will not be unemployed in this situation, nor will her peers in similar situations. Available labor is always gobbled up and not left idle for long. Case in
by asdff 3y ago
She will not be unemployed in this situation, nor will her peers in similar situations. Available labor is always gobbled up and not left idle for long. Case in point: we've obviated jobs like the horseshoe maker and the stable boy and yet unemployment rate today at 3.8% or so is half of what it was in the 1900s when we had all these horse and stable jobs.
- yard2010 3y agoJobs do not disappear, they just change
- ben_w 3y agoThey can be fully automated out of existence, e.g the jobs of Herb Strewer and link-boy. And, indeed, that old job called "computer".
- ffgjgf1 3y agoYou have to also take into account income not just the unemployment rate. Growth has been close to non-existent if not negative over the last 40-50 years or so if earn below the median.
- JohnFen 3y agoIn the long term, yes. But shouldn't we have some compassion for those who get screwed in the short term? The horseshoe makers who were thrown out of work at the time may not have been able to find decent new employment. We have copious modern-day examples of jobs that have been obsoleted and those who were immediately affected still haven't been able to recover. These sorts of labor shifts can't avoid harming those who get the short end of the stick. Saying this is not to say that such changes shouldn't happen. It's inevitable and necessary in order for society to adapt to changing conditions. But I very often see a disregard for the reality that people really do get hurt badly in these shifts.
- ethbr1 3y agoLong-training-time jobs are the worst for this. E.g. medical By the time you mint a professional in medical something, they've put a decade+ into training for it. And in the US model, incurred substantial debt doing so. One reason I'm more sympathetic to the artificial medical supply/demand management shenanigans.