If automation is the future, isn’t a decline in the working population a good thing? The robots can just take over the vacant jobs. What am I missing?
A nugget of cycling wisdom says when you get fitter, cycling doesn't become any easier, you just go faster. Similarly with automation, we are just ending up with more efficient means of production but not less work overall.
I think we do have less work overall and need to accept the liberation.
A lot of jobs have popped up through things like regulatory capture or monopolistic competition(1) which have debatable benefit to society.
1-https://www.athenahealth.com/insight/expert-forum-rise-and-r...