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			| Adder | 08-30-2016 05:37 PM |  
 Re: I used to be disgusted, and now I try to be amused.
 
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					Originally Posted by sebastian_dangerfield
					(Post 502555)
				 Don't pretend that back to antiquity, every time technology disap0lced a mass amount of workers, there hasn't been an interim period of extreme pain before that same technology created enough jobs to replace to those lost. 
 |  There was some smashing of the aforementioned looms, but no, I don't think there are any significant historical examples of "extreme pain" in the form of meaningfully lowered living standards for any significant portion of the population.
 
I mean, it's possible I'm not aware of them, but you'd think something like the "steam engine famine" would be something we'd all know about.
 
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		| Economists, being McScientists and McAntropologists of the most dubious sort, love to cite laws in the absolute, out of context, and without consideration of time.  Only a profession so full of shit and so often wrong would offer the argument, "Technology always ultimately creates more jobs!" without noting the process is lengthy and savages those unlucky enough to live through its more extreme instances.
 
 |  Again, this is a historical observation as much as an economic one. History is simply lacking in examples of technology making the world poorer.
 
You seem to be thinking about this in a much too static way. As if Day X has level Y of employment and technology, only to be disrupted on Day X+1 with a large shock the needs time to sort out. Instead, there's constant variability in employment and technology and few or no massive shocks. Day X+1 might have three fewer bank tellers than the day before, that one of those people got a different job for the same pay, one took a job with lesser pay and one was unemployed for a bit until they found something else. There are problems to be dealt with there, but no, technology didn't great a great mass of unneeded workers. |