An independent line of evidence looks at the formation of new occupations over time. If automation were taking over jobs, or jobs were being refactored because some tasks are automated, then we'd expect to see new job titles appearing in employment advertising and classifications such as the Bureau of Labor Statistics's. This does happen, as it has happened since the start of the Industrial Revolution. "Social Media…
Indeed, productivity growth is actually lower than in the past, so we're actually in a phase of slower automation. I think one thing that doesn't get considered enough is the viewpoint that we're currently in a post-automation revolution world. We generated a lot of excess capacity and weren't able to funnel it to productive uses, hence the rise of many things we see discussed here like "bullshit jobs," excessive adm…
The real messed up part is that expenses don't actually have to have gone down - you could have a smaller number of people charging the company a lot more and siphoning off money to do the same work because they don't actually run a company based on efficient production and engineering standards, they run a piggy bank. A lot of those went bankrupt in 2008 and were bailed out by the government. More are on the brink and being bailed out now.