Robert Bailey via Reason.com:
… Read the rest
After two centuries of relentless automation, why are there more jobs than ever? Certainly, tens of millions of jobs have been lost. Whatever happened to the myriads of hostlers, blacksmiths, coopers, sucksmiths, millers, tallowmakers, wheelwrights, sicklemen, puddlers, telegraphers, stockingers, fellmongers, saddlers, ploughmen, knackers, bleacherers, weavers, thatchers, and scriveners? Most of these jobs have been either wiped out entirely or largely taken over by machines.
The advance of massively more productive machinery has clearly not led to mass unemployment. The number of people employed in advanced economies has never been higher. For example, since 1950 the number of Americans employed has nearly tripled, rising from about 58 million to nearly 149 million today. During that time the proportion of adults in the civilian workforce rose from 55 percent in 1950 to peak at 65 percent during the dot-com boom in 2000. The ratio has now dropped to 59 percent, but the lower rate is widely understood to reflect the fallout from the Great Recession, Baby Boomer cohort retirements, and younger individuals spending more time in school.