> As long as demand is unlimited and wages elastic Technology can't really destroy jobs in the long term even as it disrupts industry after industry
Sure it can- because in the real world demand /is/ limited [which is why bubbles pop] and wages are pretty inelastic [because raising wages is seen as a one-way ratchet].
Computer programmers can pretend it isn't true as long as we want, but that's because if someone does come up with a real AI, we're going to be the last ones out of the building.
Sure it can- because in the real world demand /is/ limited [which is why bubbles pop] and wages are pretty inelastic [because raising wages is seen as a one-way ratchet].
Computer programmers can pretend it isn't true as long as we want, but that's because if someone does come up with a real AI, we're going to be the last ones out of the building.