[wavegeek]

Two problems with this post.

1. You are assuming that what happened in the past will continue to happen in the future. Maybe it will, or maybe this time things are different. There are reasonable arguments that make the case that this time is different. The difference is that computers are encroaching on the one point of difference that man has always had on machines - his brain.

2. You are ignoring transition costs and times. Even with past mechanizations, there was immense pain and suffering and disruption that went on for decades. For neoclassical economists it will be OK in the long run, in equilibrium, when there will again be full employment and fairies will dance gaily on colorful toadstools.

Back in the real world people suffer and die.