Earlier quoted context omitted.
It does not need to be most Americans and a lot of office workers would prefer to be farmers if the wage were correct. We have markets - let the prices rise and we will see more farmers in the future. E; I know it is not your theory Doreen - but it is a popular species of liberal (meaning democrat + republican) political propaganda. Everything Moravec's Paradox ever said, everything Peter Thiel ever said about automa…
Thiel also said companies shouldn’t have big cash reserves because it is a sign of running out of ideas.
For growth technology firms that is true - I remember his debate with Eric Schmidt - he was really arguing being a technology firm should be a temporary award contingent on how the firm behaves instead of a title. Technologies mature into infrastructure and stop being thought of as technologies.
This is part of his thesis that technology companies should be monopoly companies - and that the regulator should treat companies like Google as monopolies but the companies producing new value should be classified as different and given a honeymoon period.
His pointing at a technology rust belt is evocative evidence for the position.