Quote:
Originally Posted by ehonour
Yep. Fantastic technology. Professional illustrators and copywriters (and soon authors) are quickly becoming buggy-whip manufacturers. What impact will it have on the economy when they are all out of work?
The steady march of progress continues.
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As far as unemployment goes.........since the 1950's, technology has changed (slower, of course). And unemployment has swung from about 5% with limits from 13% to 2%. Technology could cause some sectors of high tech out of business like say repairmen of small radios or TVs, but other high tech sectors take their place. So, I imagine that a situation like that will continue into the future with unemployment NEVER getting too overpowering to society.
...........What I worry about is the rapid (last 11 years) Global Warming causing population dislocation from South America northward to the US and Europe. There will be too many unskilled and farm workers to assimilate. Resulting in something like 40% unemployment - creating unsolvable other problems.