>> The automation of farm work is the most notable and most labor-impacting example we have from history, rapidly unemploying a huge portion of human beings in

>> The automation of farm work is the most notable and most labor-impacting example we have from history, rapidly unemploying a huge portion of human beings in the developing economies of the late 19th and 20th centuries. And yet, at the conclusion of this era (~1940s/50s), the conclusion was that “technological unemployment is a myth,” because “technology has created so many new industries” and has expanded the market by “lowering the cost of production to make a price within reach of large masses of purchasers.” In short, technological advances had created more jobs overall From the late 19th century to the 1940s/50s is 50 years. It's not really reassuring to middle aged workers who lose their jobs to new technology that 50 years later there will overall be more jobs available.