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The idea that technology will cause widespread job-loss and economic upheaval is such an old fear, and it never works that way. Technological innovations lead to wealth creation 100% of the time, along with more opportunities for more people, even if some jobs are initially replaced with other jobs. "This time is different" is announced everytime, and it's always the same.

This book is very good for anybody wishing to understand basic economic theory and see many examples throughout history of this exact debate taking place over and over and over again: https://www.amazon.com/gp/product/0517548232/ (see the chapter "The Curse of Machinery").




Yes but this time it's different. Throughout history, until the past 50 years or so, the new technology has typically replaced a mechanical function humans were performing. The coming evolution of software and robotics will start performing the mental work humans, until very recently, were the ONLY thing on the planet capable of doing.

For the past 3000 years of "modern humans", we have had a monopoly on the human brain and creative intelligence. That monopoly is coming to an end. What will the average worker do when a robot that can out-wit them? You cannot just handwave this problem away saying "it always creates new jobs!!11".

This problem is well-summarized by this video:

https://www.youtube.com/watch?v=7Pq-S557XQU


I'm pretty sure travel agents believed they were doing "mental work".




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