Zero American jobs, sure. It's clear that these american industries don't want to invest in America.
>They won't. They never have.
not permanent, but trends don't look good. It doesnt' remain permanent because mass unemployment becomes a huge political issue at some point. As is it now among Gen Z who's completely pivoted in the course of a year.
Were there less weavers with machines now doing the job (or whatever?). Sure. But it balances out. It’s just bumpy.
The big change here is that it’s hitting so many industries at once, but that already happened with the personal computer.
Or you know, don't do that and buy a home when you are 40 instead of 25.
People who do save an have good discipline, and don't have children to early still do pretty well.
The culture of 'yolo just get a credit card with 18 and max it out for video game skins' is literally losing people 100000s over their lifetime.
Yes buying a house is not as easy as before, but the doomerism a solution. You can rent and be save. Renting isn't inherently worse for you in the long, that just myth.
* 400
The PC was pre-NAFTA, and since then we've had at least 3 waves of tech trying to outsource tech jobs (let alone actually impacted jobs like manufacturing) to cut costs. We're now on the current wave.
More stuff can be made... just not in the US.
"Professionals were 57.8 percent of the total workforce in 2023, with 93 million people working across a wide variety of occupations" [1]. A reasonable worst-case scenario leaves about half of the workforce intact as is. We'd have to assume AI creates zero new jobs or industries, and that none of these people can pivot into doing anything socially useful, to expect them to be rendered unemployable.
> if a significant chunk of the population is made permanently unemployed
They won't. They never have. We'd have years to debate this in the form of unemployment insurance extensions.
[1] https://www.dpeaflcio.org/factsheets/the-professional-and-te...