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Isn't this a variation on the 'broken window' fallacy? It's true that at the moment it means less people employed, and that's certainly a problem.

In the long term, though, this means less work that has to be done, which means more available labor for doing interesting new things.

It's similar to how the food (farming etc) industry used to employ 50% of the population, and now employs closer to 2%. The answer isn't to try to find ways to re-employ 48% of the population in the food industry.

Perhaps it's time to start investing that surplus in the future.



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