Why do you assume these all need to be new careers? Why do you assume that we can’t expand existing careers? It’s happened in the past, it can happen again. Agriculture went from employing the majority of the populace to 2%. We found jobs for everyone.
There are many professions that have immense latent demand that people simply cannot afford. Really any industry that involves a lot of human labor. People want more education than they can afford. People want more healthcare than they can afford. People want more childcare, private tutoring, home cleaning, personal trainers, life coaches, financial advisors, and on and on. Think of the retinue of assistants and employees the wealthy employ. Now imagine the number of people who can afford those services drastically expanding. We don’t even need to necessarily invent new careers. There’s plenty of latent demand already. Those masses of displaced agricultural workers? Most of them found jobs in fields that already existed.
Over the last 70 years (in the USA for ex) unemployment has been trending up.
This is false. I’ll ignore the employment rate and focus on labor force participation rate, as unemployment doesn’t count people who are long-term unemployed and have given up working. Labor force participation is a better metric here.
Labor force participation has gone up and down, corresponding with changes in demographics. Despite generations of technological change and automation, we’ve always found ways to employ the excess labor. Human labor is always the ultimate bottleneck. There’s probably enough latent demand for human labor to employ many multiples of our current population.
Why do you assume these all need to be new careers? Why do you assume that we can’t expand existing careers? It’s happened in the past, it can happen again. Agriculture went from employing the majority of the populace to 2%. We found jobs for everyone.
There are many professions that have immense latent demand that people simply cannot afford. Really any industry that involves a lot of human labor. People want more education than they can afford. People want more healthcare than they can afford. People want more childcare, private tutoring, home cleaning, personal trainers, life coaches, financial advisors, and on and on. Think of the retinue of assistants and employees the wealthy employ. Now imagine the number of people who can afford those services drastically expanding. We don’t even need to necessarily invent new careers. There’s plenty of latent demand already. Those masses of displaced agricultural workers? Most of them found jobs in fields that already existed.
This is false. I’ll ignore the employment rate and focus on labor force participation rate, as unemployment doesn’t count people who are long-term unemployed and have given up working. Labor force participation is a better metric here.
Labor force participation has gone up and down, corresponding with changes in demographics. Despite generations of technological change and automation, we’ve always found ways to employ the excess labor. Human labor is always the ultimate bottleneck. There’s probably enough latent demand for human labor to employ many multiples of our current population.