Did we really need those jobs in the first place? I don't mean whether each individual was benefiting from the income from his or her job. Collectively, were the jobs a net benefit or drag on the rest of us?
There was a NY times post here a little while ago showing the current unemployment rate broken down by age, gender, race, and education. Unsurprisingly, the difference in education was enormous. It's not too large a logical jump to say that some of the existing unskilled jobs were waiting for automated replacement. Well, that's one of two options I'm pondering. The other is that the economy's split into a very litera…
These unskilled laborers were let go not because they didn't provide value, but because in lean times customers are willing to accept the inconvenience. They weren't and probably won't be replaced by automation. When the economy is strong again, customers will complain about such inconveniences and WalMart will be aggressively hiring again.