Monday, August 18, 2014

Humans need not apply

An over-the-top but still interesting and entertaining video about capital-labor substitution.

The video does overstate the case: in recent decades the labor market managed to absorb all the folks who used to farm as well as large numbers of assembly-line workers, keypunch operators and the like. I think the takeaway is more about the value of general skills (e.g. how not to be a jerk, how to show up on time, how to manage) than about a future with no work.

Hat tip: Dan Black

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