Mish: Reader Question on Robots: What are People Supposed To Do For Their Livelihoods?
One could have asked the same question right before the railroad boom-bust, right before the great depression, right before the internet boom-bust, and right before the housing boom-bust.
As seen in the following chart, those who asked right before the internet boom-bust are still asking the same question, and rightly so.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbGn7aGvfZPeGcCjMfvLt_-cSb1vXOSG8bbr02vECpTeCvToT4HBlE1EUutsHUlcESvfxzhEVJoQ-V_0xF-9Cfjpfwzsg6zwGWJ9OJDFyYxMVBTfxzCoV5iRzlu0qI_XiZwL86PVg0nQ4/s320/Jobs+-+Long-Term.jpg)
Click to enlarge.
So here we are. Unless it's different this time, there will be another advance of some kind that is highly likely to create jobs. I cannot say what or when.
What if it is different this time? I'm certainly a believer that it is. Then what? I was hoping Mish would have an answer for that. No such luck. I therefore offer the following answer to fill in the gap.
1.
2.
3. Got cardboard box?
Source Data:
St. Louis Fed: All Employees: Total nonfarm
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Posted by: Tukiyooo
It's Different This Time Updated at :
9:10 PM
Sunday, October 6, 2013
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