Jevons paradox is that "technological progress that increases the efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource". Watt's more efficient steam engine increased the consumption of coal, the cotton gin increased the consumption of slave labor, and virtualization has increased the consumption of servers. If technology can increase the efficiency of human labor, won't it increase the demand for labor as well?
Jevons paradox is that "technological progress that increases the efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource". Watt's more efficient steam engine increased the consumption of coal, the cotton gin increased the consumption of slave labor, and virtualization has increased the consumption of servers. If technology can increase the efficiency of human labor, won't it increase the demand for labor as well?