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by kyllo 4805 days ago
Yeah, the thing about investing in job creation is that there is so much churn in the job market--not just in terms of employment rate, but in terms of the jobs themselves being created and destroyed, as we figure out how to use technology to automate them.

And I'd like to point out that just because that hypothetical job being created pays $50,000 per year, doesn't mean it only contributes that amount of value to the economy.

But you certainly wouldn't want to bet on any job that is repetitive (or "concave" to use a michaelochurch-ism) being around longer than a few years, because that work will be distilled into a software program and handed off to a machine sooner or later. It only makes sense to invest in creating jobs that involve creative, "convex" work, which has a smaller chance at a bigger payoff in terms of value creation.