Are robots really taking our jobs?
Sure, but there has always been job destruction because of automation and technological progress. The important thing to keep in mind is that there has also always been job creation because of these same forces. Right now, there is a wave of tech hitting the economy and the workforce. The question is, is the balance shifting?
How do you see it playing out?
Three possible scenarios could happen with this current wave of technology. One is that it is going to hit the economy, and it might take a while to work itself out, but in the end we will reach a happy equilibrium. The industrial revolution was great news, eventually, for British workers. Electrification of factories eventually led to a large, stable and prosperous American middle class. That pattern should give us confidence that we will wind up in another happy equilibrium.
What are the ...
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