I should add that we must also consider the extent and speed of replacement. If the replacement rate is too high, employment levels can’t recover, both scenarios need to be avoided.
I should add that we must also consider the extent and speed of replacement. If the replacement rate is too high, employment levels can’t recover, both scenarios need to be avoided.
Technological innovation can be sped up, but it cannot be slowed down without mechanisms that create worse problems than technology. Adaptation is a political problem.