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replied 2022d
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 2020d
yep. because people always want more, better, faster, cheaper there is always more work to be done.
replied 2020d
If we look at employment to population ratio more people were being employed until ~2000. It’s decreased since then
replied 2020d
The rise is likely women entering the workforce. Idk about the down turn.
replied 2020d
If we say unemployment rate is the average number of people who cant work, it’s been nearly constant at 6% for 125 years.