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Re:Jobs that no longer exist by petra on Saturday October 15, 2016 @02:52PM (#12715186)
Yes price reductions lead to new demand, hence new jobs.

But what if for almost every human supplied product/service there's a good enough machine substitue, or even just a human substitue that demands very little labor ? couldn't we reach a stable state of high unemployment ?

Re:Jobs that no longer exist by ekianjo on Sunday October 16, 2016 @12:35AM (#12716948)
There are still a bunch of jobs where machines are unlikely to replace humans anytime soon or ever, because the cost of deploying machines everywhere and maintaining them will also reach a plateau. We may be good soon at making brains for machine but they still need mechanical parts and require maintenance. So they have a non negligible cost.