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newthinking

(3,982 posts)

7. And it is going to get worse. Computers are making full employment impossible.

Reply to Dirty Socialist (Original post)

Sun Mar 1, 2015, 03:15 AM

Mar 2015

In the past it was the ebb and flow of labor pools that kept things in check. Many labor advances come during times of labor shortages.

But we are in a very different world now, where increased productivity and automation leads to fewer and fewer workers per product.

This was predicted 40 years ago, but people at the time envisioned it would liberate society with free time. Not quite how it is working out.