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replied 2003d
This would mean increasing industrialization (more automation) leads to increasing percent of the pop too low skill to work. Wonder if this has been the case? & size of effect?
replied 2003d
Steam trains move more loads than the entire human race could. We should have stopped them. Now the entire human race is jobless.
replied 2002d
I guess that's what I'm getting at. these trends dont come from nowhere. we should see evidence of them already. genuinely asking if anyone has studied these trends bc I'm curious.
replied 2002d
They have been saying this since the industrial revolution. New jobs are created as old ones disappear. It is based on the notion that there is only so much work to do, which is wrong.
replied 2000d
yep. because people always want more, better, faster, cheaper there is always more work to be done.
replied 2000d
If we look at employment to population ratio more people were being employed until ~2000. It’s decreased since then
replied 2000d
The rise is likely women entering the workforce. Idk about the down turn.
replied 2000d
If we say unemployment rate is the average number of people who cant work, it’s been nearly constant at 6% for 125 years.