> it ignores the fact that new jobs are created precisely when old ones become redundant That did not happen after the electronics revolution changed manufactu

> it ignores the fact that new jobs are created precisely when old ones become redundant That did not happen after the electronics revolution changed manufacturing starting in the 1970s. Factories that needed thousands of workers to manufacture a certain car model for large regions started to be run with only a few hundred workers. Same for other manufacturing fields. The Western countries directed all the resulting excess workforce to sectors like finance, law, tech and services, but with AI and the zero interest economy ending all of those sectors are also coming crashing down. So no, technological advancement and automation really reduced the workforce need and did not replace it with new jobs.