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Has there ever been another economic boom where the industry it's primarily occurring in is losing jobs? https://x.com/greg_ip/status/1991149493807353913 https

• Animats 8mo ago
  Wheat farming around the time of the McCormick reaper.[1] Farm employment dropped by half between 1900 and 1930. Production up. Wheat cheaper. Coal mining from 1950-1970. Production up. Coal cheaper. Employment way down. Classic book, "Night Comes to the Cumberlands" (1963) on how Appalachia became really poor. [1] https://www.gilderlehrman.org/history-resources/teacher-resources/statistics-trends-american-farming https://www.gilderlehrman.org/history-resources/teacher-reso...
• abetusk 8mo ago
  I'm sorry I don't have better statistics but after the dot-com bubble burst in 2001, I think it took roughly 15 years for the stock market to bounce back. Though I could be wrong, I think unemployment was also high, including in the tech sector.