>The increased productivity also releases human capital and actual capital to pursue new things and create new jobs. This leads to new jobs in entirely new indu

>The increased productivity also releases human capital and actual capital to pursue new things and create new jobs. This leads to new jobs in entirely new industries. Correct, but it doesn't necessarily result in an equal number of or more jobs than before. >but we must accept that it will happen, simply by looking at all of human history. This is where I think we disagree the most. I don't think history sets a good precedent for predicting the future, especially in this current environment. At no point in history have we had robots and AI. We still don't have that now, and there are no guarantees that we will fully achieve AI, but in many areas we are making humans obsolete and I expect this trend to continue. Using your eariler analogy, what happened to the horses after Ford introduced mass produced cars? They were turned to glue. In many ways, this is the issue we are currently facing. I do agree that highly skilled and entrepreneurial folks will create new industries which could dramatically alter the economic landscape, but I am still not convinced that this is going to result in full employment. These new industries will still be taking advantage of the highly automated and efficient technologies that other industries use and lower-skilled and less educated people are going to find it increasingly difficult to find work.