Quote:
Originally Posted by someone123
What's the evidence to support the idea that obsolete jobs will always be replaced with new jobs? I think what we see is actually the opposite; new technology frequently requires fewer people working because the goal behind its deployment is reduced cost and cutting back on labour is a prime way to save money.
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It's the very nature of the service economy.
A country industrializes until all basic goods, including food, shelter and clothing can be cheaply and easily by a small portion of the population.
I believe this happened back sometime before the great depression.
Then a combination of needless consumption of goods, and services is added to continue growing the economy.
This is I believe a strong reason why people were essentially forced into cars.
And why cheap credit is used to drive consumption.
The beauty of the consumption-service based economy is that the more people with jobs, the more money gets spent, as the rich have a nasty habbit of just using their money to increase production.
The whole system works best when people are living pay check to pay check.
The problem of course is when we hit the physical limits of the planet and we end up with a fixed basket of material goods.
The only thing remaining are services that are totally unnecessary unless outside of the need as a form of income distribution.