Re:Monopoly was invented to demonstrate the evils of capital...
by Barrin92 on Wednesday February 26, 2020 @02:48PM
(#22426572)
I don't think it's true that many jobs are being replaced by tech. Restaurant workers, store clerks, nurses, assistances, even warehouse workers and so on are stable. Go through a list of the jobs in the US that employ most workers and none in the top 30 have been created in the last 20 years.
Many economists have pointed this out. If the 'rapid innovation' that a lot of tech entrepreneurs talk about was happening (and they have an incentive to oversell it), we would see high unemployment (as people are being replaced) together with high productivity and high GDP growth. We see no such thing. The Andrew Yang robot horror scenario is nowhere in the data.
By historical measures, the technological progress of the 1940s to late 1970s vastly outpaces today.
Many economists have pointed this out. If the 'rapid innovation' that a lot of tech entrepreneurs talk about was happening (and they have an incentive to oversell it), we would see high unemployment (as people are being replaced) together with high productivity and high GDP growth. We see no such thing. The Andrew Yang robot horror scenario is nowhere in the data.
By historical measures, the technological progress of the 1940s to late 1970s vastly outpaces today.