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by jameslk
42 days ago
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The nuance that’s talked less about is that both statements can be and likely will be true, but which way will the balance swing: 1. Many jobs will be eliminated (will they be offset by new jobs?) 2. The new technology will need to be adopted if you don’t want to fall behind (will there be less of these jobs or more?) In past circumstances like the one you mentioned, there were more jobs than before. Ultimately we all just want to consume endlessly. That pressure creates more demand when prices lower, which causes businesses to compete via differentiation, which creates more jobs. I don’t think this situation will be any different |
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Were the jobs better or worse though?