The increasing use of robots and automation in the workplace rightly causes many workers concern. Yet, as some jobs will no doubt be lost with this continuing transformation of the economy, more jobs will be created in other areas.
The economy is changing rapidly, and there will be temporary dislocations with some transitional unemployment, but markets are resilient and we need not be paralyzed with fears. Of course, temporary economic dislocations can be made more painful and needlessly extended in duration by the distortions to market activity caused by excessive government regulations. In other words, may the statist government leaders, and their social engineers and ideologues, get out of the way so that the continuing economic evolution is not made any more difficult for the citizens. (Recall the disastrous New Deal in the US during the 1930s which extended the “Great Depression” for years.)
We came across this insightful article this past weekend. We share it with readers now. The author of this linked article, Peter Smith, makes the case that we will not be entering a world of plenty where work is neither necessary nor available.
Our feature image is from Lincoln Avenue in San Francisco in September, 2017. Flowers thrive across the street from Golden Gate Park.
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