let's imagine we are going to see an doubling of productivity in the economy as Software Eats The World. But no increase in the number of jobs. I'm not comfort

let's imagine we are going to see an doubling of productivity in the economy as Software Eats The World. But no increase in the number of jobs. I'm not comfortable with that assumption. All that software isn't going to write itself... But leave that aside. What do people whose jobs have been made obsolete by technology do? What they've always done -- something else! And a high minimum wage won't help them. People learning new skills need to be able to make low wages. That's how they get enough experience to get good enough at something new to eventually be able to make high wages.