I sometimes worry too about a substitute good for humans, but I believe that many entrepreneurs will exploit the abundance of unemployment to fuel their visions.
This reoccurring pattern of a labor market becoming liquid and transitioning has happened before. Hong Kong skyrocketed in unemployment when trade opened in China and most "algorithmic" jobs migrated across the border literally overnight. Education became a central part of the economy and the country moved forward.
This reoccurring pattern of a labor market becoming liquid and transitioning has happened before. Hong Kong skyrocketed in unemployment when trade opened in China and most "algorithmic" jobs migrated across the border literally overnight. Education became a central part of the economy and the country moved forward.