There has been a lot of talk in recent years about the possibility of a post-work economy , and how we might handle our transition to a world in which there are more people than there are things for them to do.
The Lump of Labor Fallacy says that such speculation is unnecessary. Economists point out that every generation of technological advancement is met with this concern, and every time the economy rises to meet the people willing and able to work.
Creative destruction led to the replacement of the buggy with the car, and even though cars are made on […]
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