3 ms·

Your theory predicts ever-climbing unemployment rates, but the prime-age labor force participation rate is near its all time high [1] and unemployment is at an

• watwut 3y ago
  It does not. I never ever said or implied that self checkouts are the only process going in economy that would influence how many people are unemployed. "My theory" would predict "ever-climbing unemployment rates" only if: - self checkout was only thing going on in the economy, - cashiers represented overwhelming majority of employees. Otherwise you are making overly large prediction from a single small data point. ------------- Let me say opposite theory: if self checkout would be "freeing people for more useful jobs", cashiers salaries would be raising prior self checkouts. As employers would compete for people, they would pay cashiers as much as those "more useful jobs". That did not went on. These were and are minimum salary jobs.