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by Notatheist 376 days ago
>the labor displacing effect of technology appears to be more than offset by compensating mechanisms that create or reinstate labor.

I don't buy into this at all:

>Assuming AI will have an effect similar to 20th Century farm equipment’s on agriculture, why will that labor force behave differently to their 20th Century counterparts (and either refuse to or be prevented from finding new jobs)?

Because "farm equipment" can't also perform the jobs it creates. I'm assuming if/once AI can do most current jobs, it can also do most if not all the jobs it creates.