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The science of Economics has good, empirically based explanations for how new jobs get created when technology makes older jobs unnecessary. And yes, it is a r
by BurningFrog 1y ago
The science of Economics has good, empirically based explanations for how new jobs get created when technology makes older jobs unnecessary.
And yes, it is a real science!
- tcfhgj 1y agojust explanations, i.e. with hindsight? astrology can do this as well ;) what about rules/laws which allow predictions?
- BurningFrog 1y agoA simple top level explanation is that unemployed people are an unused resource, and free market capitalism is very good at finding ways to make money from that. Maybe one day unemployed people will be truly useless to other people, but for the last 250 years, new professions have always emerged.
- bigbadfeline 1y ago> Maybe one day unemployed people will be truly useless to other people, but for the last 250 years, new professions have always emerged. Free market capitalism lacks anything approaching a clear and exhaustive definition and the term is used for many arrangements - from market oligarchy to market anarchy but there is one thing that is absolutely certain about it: "Past performance is no guarantee of future results" In effect, the most enduring tenet of free market capitalism negates your argument. You need to provide material evidence, not glorious promises of some unknowable bright future, North Korean style.