The answer to a complex system like the economy is never so simple. Technology, the shift from a productive to a finance, insurance and real estate economy, artificial interest rates, stock bubble, housing bubble, credit crises....
There are a lot of factors that contribute to fewer jobs. When it comes to technology, yes, technology destroys jobs. But never on a net bases. 100 years ago 40% of our economy worked in agriculture. Today it's less than 2%. Yet people aren't longing for the days of farming. Technology alone is not the culprit.
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The answer to a complex system like the economy is never so simple. Technology, the shift from a productive to a finance, insurance and real estate economy, artificial interest rates, stock bubble, housing bubble, credit crises....
There are a lot of factors that contribute to fewer jobs. When it comes to technology, yes, technology destroys jobs. But never on a net bases. 100 years ago 40% of our economy worked in agriculture. Today it's less than 2%. Yet people aren't longing for the days of farming. Technology alone is not the culprit.