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by noelherrick
1060 days ago
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Folks that get laid off from one industry because of productivity gains go to another one. The most dramatic example is farming, where in 1800 it used be that 90% of people were farmers and in 2000, 1.8% were employed in ag. Closer to home for many of us, there are more software engineers and we're dramatically more productive this generation due improvements in languages, raw processor power, storage technologies, open-source libraries, databases, and tools. The price of our labor has gone up because we're able to produce more. |
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