This is why when economists blame lost aggregate jobs on automation they are being disingenuous. If the government thinks that there aren't enough jobs they can just raise the minimum wage and increase fiscal spending, creating jobs until there are.
There were similar claims made during the depression. It wasn't about automation then either - it was about wealth inequality and a lack of aggregate demand.
Roosevelt then spent and invested in infrastructure - building stuff like LAX - until the country returned to full employment.
There were similar claims made during the depression. It wasn't about automation then either - it was about wealth inequality and a lack of aggregate demand.
Roosevelt then spent and invested in infrastructure - building stuff like LAX - until the country returned to full employment.