Earlier quoted context omitted.
The implicit assumption you are making is that the demand increases in lock step with productivity gains. 100x faster drug discovery, 100x more drugs need to be discovered => same number of people employed. These correlations do hold for technical fields, but logically there should be a point beyond which productivity gains outpace, demand growth / demand could even stop growing. One should either retool to solve a n…
> The implicit assumption you are making is that the demand increases in lock step with productivity gains. This is basically the theory around modern industrial revolution - https://en.wikipedia.org/wiki/Jevons_paradox Efficiency increases demand more than the efficiency saves. You could argue that labour does not follow that, but it is more about the technology improving rather than disrupting.
That's not some sort of natural law.
People latched on to this hypothetical situation and keep elevating its universality.
It's just a thing that can happen and may or may not in a given instance.