>Labour displacement leads to an erosion of standards of living
The two biggest labor displacements in human history were the agricultural and industrial revolutions, both of which resulted in enormous gains in human living standards. Can you think of a mass labor displacement that resulted in an overall erosion of living standards? I cannot.
The two biggest labor displacements in human history were the agricultural and industrial revolutions, both of which resulted in enormous gains in human living standards. Can you think of a mass labor displacement that resulted in an overall erosion of living standards? I cannot.