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kleinbl00 · 2227 days ago · link · · parent · post: Labor 2030: The Collision of Demographics, Automation and Inequality
Yeah I just had this pointed out to me this morning. Need to crank through it. For comparison's sake, McKinsey's similar study and 1966's Technology and the American Economy. I'm a little doubtful as to Bain's conclusions. Here's the McKinsey: McKinsey argued that the key was retraining, and a lot of it. It's possible that the Bain presumes there will be none in which case, yeah, it's gonna be shitty.In the 1960s, US President Lyndon Johnson empaneled a “National Commission on Technology, Automation, and Economic Progress.” Among its conclusions was “the basic fact that technology destroys jobs, but not work.”