Between 1995-2002 the us lost something around 2 million jobs to Chinese manufacturing. But at that same time the chinese lost 15 million jobs to the robots.
Efficiency is taking away jobs because technology is to some extent a zero sum game.
Once technology is able to compete with us in a certain field, that will be used in other fields quickly.
So we need to innovate as you say. But, what happens when technology becomes better at innovating than we are?
Efficiency is taking away jobs because technology is to some extent a zero sum game.
Once technology is able to compete with us in a certain field, that will be used in other fields quickly.
So we need to innovate as you say. But, what happens when technology becomes better at innovating than we are?