It's clear that technological development creates a shift in jobs, i.e some jobs are lost, but new ones are created as a result. Whether the total #jobs increases or decreases is debatable.
The issue that I see addressed less often is that the new jobs require by definition, a higher skill set. (You wouldn't displace 100 manual labor workers with a machine that requires 105 workers to maintain). So by definition, the average intelligence requirement for jobs increases over time (though never stated directly). This means that as time and technology progress, a growing percentage of people will have no jobs that they are capable of doing. [o]
What's the proper social response to that, I don't know.
[o] If and when AGI comes along, that will be all of us.
The issue that I see addressed less often is that the new jobs require by definition, a higher skill set. (You wouldn't displace 100 manual labor workers with a machine that requires 105 workers to maintain). So by definition, the average intelligence requirement for jobs increases over time (though never stated directly). This means that as time and technology progress, a growing percentage of people will have no jobs that they are capable of doing. [o]
What's the proper social response to that, I don't know.
[o] If and when AGI comes along, that will be all of us.