Now, 2-3%. One in 4 people had their profession superseded. A lot of that slack was taken up by industry (and war and death), but that took 20-30 years to catch up.
Is there a pool of work for people to absorb 25% of the present labor force? Most of the emerging technologies I see are labor-saving, not labor consuming.
Two possibilities for big labor demand in the next few decades:
- healthcare and assistance for the elderly
- removing development restrictions in booming cities, unleashing an epic (or Chinese-level) building boom
Both have fundamental political foundations and won't be solved solely by technology.
Now, 2-3%. One in 4 people had their profession superseded. A lot of that slack was taken up by industry (and war and death), but that took 20-30 years to catch up.
Is there a pool of work for people to absorb 25% of the present labor force? Most of the emerging technologies I see are labor-saving, not labor consuming.
Two possibilities for big labor demand in the next few decades: - healthcare and assistance for the elderly - removing development restrictions in booming cities, unleashing an epic (or Chinese-level) building boom
Both have fundamental political foundations and won't be solved solely by technology.