The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: Middle Class[Income] Jobs ain't Coming Back?||Date: 1/24/2013 7:04 PM|
|Author: warrl||Number: 414250 of 465243|
I ran across this article this morning:"Practically Human: Can Smart Machines Do Your Job?"
It a long article but worth readingIMHO.
Does technology also create jobs? Of course. But at nowhere near the rate that it's killing them off — at least for the foreseeable future.
I'll agree with that, exactly as stated - but with more emphasis on the word "foreseeable".
After all, the mechanization of agriculture displaced millions of farm workers... who did not jobs doing the same thing that other people had been doing for decades. In fact, a good share of THOSE jobs were being mechanized out of existence at the same time.
No, whole new and unforeseen industries were created. And that's why, in spite of having around a tenth the number of people working in agriculture that we had a hundred years ago (when they were a majority of the working population), we have several times as many people working.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|