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Re:America's Jobless Future? by msluyter on Monday February 15, 2010 @02:27PM (#1127281)
We do, for now, but for every one job created for a software/hardware engineer, several (probably low skill jobs) may be destroyed. Compare the total number of, say, cashiers to software developers.
Re:America's Jobless Future? by Nwallins on Monday February 15, 2010 @02:55PM (#1127328)
> Compare the total number of, say, cashiers to software developers.

So, ATMS... would you replace them with human bank tellers? Would that be a net benefit to the economy?

Re:America's Jobless Future? by msluyter on Monday February 15, 2010 @03:25PM (#1127395)
No, I mean, if it is indeed the case that the total number of jobs displaced by automation exceeds those generated by it, I have no particular take on how to handle it.
Re:America's Jobless Future? by Nwallins on Monday February 15, 2010 @03:33PM (#1127412)
My point is that though automation "costs" jobs, it simultaneously reduces the cost of production (e.g. the production of financial transactions, here). Ultimately the benefit from more efficient production is a rising tide that lifts all ships. It would be hard to argue that reversing the industrial revolution and returning to cottage industries would be a net benefit, even though our current production levels would require 10-1000x as many jobs.