Its called “automation”.
Freeing up people doesn’t put them out of work, if its a free economy. More people thinking up more ideas means a more vibrant economy. The key elements are freedom and entrepreneurs.
GREAT post.
I was told 23 years ago by some bitter guy who was about 50, now my age, to forget going to school to learn microsoft suite and typing.
I was attending a 3 month intensive course from 4k grant by the govt, and i was driving a cab at the time. The other guy was a cabbie too.
He said “dont bother. You can talk into computers now so they dont need typists and soon computers will do all the work on their own”
3 months later i got a job in an office. 6 months later i was sent as a temp to a graphics dept by accident, but they liked me and trained me :)
Investment bank graphics depts treated me very well in many ways.
The guy was a lazy, depressed slovenly bum.
There’s ALWAYS an excuse to give up. This was his. He was previously a programmer.
BTW, only FOUR people on staten island showed up to sign up for the 4k in courses!!!
I’d guess the govt made several hundreds of thousands in taxes off of me with that 4k investment. As compared to a 120k social studies college degree :)