> isn't "we made a machine to do something that people used to do" basically the entire history of of technology?
I know, right? Machines have been gradually replacing humans for centuries. Will we actually get to the point where there are not enough jobs left? It doesn't seem like we're currently anywhere close to the point of not having any jobs available.
Has anyone thought about how the Federal Reserve plays a role with this? Automation puts downward pressure on inflation, because it doesn't cost as much to make stuff. The Federal Reserve will heavily incentivize job creation if inflation is low enough and there aren't enough jobs available, right?
It seems like the _quality_ of the jobs (or median job) may have gone down, but the _quantity_ of jobs relative to population has remained roughly steady, right?
I know, right? Machines have been gradually replacing humans for centuries. Will we actually get to the point where there are not enough jobs left? It doesn't seem like we're currently anywhere close to the point of not having any jobs available.
Has anyone thought about how the Federal Reserve plays a role with this? Automation puts downward pressure on inflation, because it doesn't cost as much to make stuff. The Federal Reserve will heavily incentivize job creation if inflation is low enough and there aren't enough jobs available, right?