| Any parallel should be taken with a grain of salt. In any case, I'd like to make two points about the job market. 1. Yes, it is true that the job market recovered from the machine-ization of agriculture and industry. What's never mentioned, is that it took 80 years for the UK's job market to recover occupation and salaries seen at the beginning of the 1800s. Europe's salaries and occupational levels were hit with a similar cataclysm as machines started appearing in the agricultural fields. That prompted millions and millions of Europeans to flee Europe for the Americas. Again, sure, the job market did recover, depending on the specific western European country between the 1960s and 1970s. That's between 50 to 70 years of slump. Almost twice the average person's career in a long lasting job market slump. Please remind that to people that "AI will not impact job markets or will do so positively" using previous technological advancements as examples, that might be very well true but on a very undefined and likely very long time frame. 2. At no point in history a technical revolution threatened all kind of jobs at the same time, it always hit specific sectors like manufacturing or agriculture. Not all of them at once, manual and intellectual. |