But hey, don’t worry, right? Because everyone unemployed by machines will find better jobs elsewhere that pay even more…
The Real Story of Automation Beginning with One Simple Chart
Scott Santens

It has never been true that people who’s valuable skills are made obsolete by shifts in the economy will find jobs that pay more. It does not matter if that shift was driven by technology or changing consumer preferences. Many people in this category will never achieve their earlier level of economic success. Creative destruction is what this process is called and it deserves its name.

Creative destruction is cruel, but every worker today owes their job to earlier waves of innovation. The oil workers that you talk about would not have the high paying jobs to lose if earlier waves of innovation had not occurred.


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