There’s a lot of buzz in the news these days about jobs being eliminated through automation: machinery, computers, artificial intelligence, etc.
But why so much concern today? From the early days of humanity, advancements in technology has made humans more productive and wealthier, not the opposite. Sure, there are people who lose jobs when a new innovation makes an occupation obsolete. But the human resources no longer used in that occupation can be used elsewhere where they’re more needed.
Are we worse off now that farm equipment has taken over those jobs that humans and animals used to do in the agricultural economy? It’s a silly fear, but one that perpetuates because of political reasons.
Hate Economic Growth? Vote In Favor of Saving Jobs!
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Source: Libertarianism for Normal People – I Would Be In Favor of Saving Jobs if I Hated Economic Growth (Episode 49)