Hadi PartoviVerified account

I don't know if I buy this. At least not his cherry picked example. So, extending from tellers , we'll get more accountants but the # of people needing taxes remains the same so the new accountants will make less.

With something like fast food and so many American businesses the motive seems to be profit not creating more jobs so we'll only get jobs as a side effect. Could be better could be worse. Hope for the best, expect the worst.

I agree with you & @LathCarlson that job increases will be a side effect of capitalist economy as a whole: while indiv businesses use new tech to reduce labor costs, new tech also creates new opportunities for labor productivity that didn’t exist, creating entirely new businesses

For example, invention of industrial agriculture put most farmers out of work. 50% of Americans were farmers, now 5%. New jobs in tractor-design didn’t replace the automated farm work. But other higher-tech jobs did.

Throughout centuries, tech has automated one form of work while creating a new form. If you zoom out, employment has always bounced back and lifestyles improved. The real Q is zooming in on the years/decades of transition and how to educate the workforce for needs of tomorrow.

Done right, we educate today’s students for the needs of the mid-century, and the transition is smooth. (Done wrong, transitions like this can have depressions or revolutions or wars in between)