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I believe that history disproves the idea presented. Ever since the start of the industrial revolution there are have been luddites thinking that mass unemploym
by PhilWright 11y ago
I believe that history disproves the idea presented. Ever since the start of the industrial revolution there are have been luddites thinking that mass unemployment are around the corner because of technology. Once 90% of the country (England) was involved in agriculture. Today it is down to around 10% but we do not have 90% unemployment. Those workers have been released to do other work.
So far there is no end in sight for human wants and needs and so there is no sign that demand will stop at a point that creates the mass unemployment envisioned. Income inequality is the big issues.
- k__ 11y ago> there is no end in sight for human wants This is exactly the point. There will probably be markets that don't support more growth, like agriculture, so lesser people will work there. But if a company suddenly can produce the same with 50% of the workforce and the marked still has place to grow, they will simply produce 200% and keep their employees.