Unless humans have some extra secret advantage besides our intellect I have a hard time understanding why so many people just can't see that this is a very different situation than they had back then.
Since 2009 95% of all jobs created in the US were temp jobs. Bush expanding the definition of what constitutes a job and Obama didn't change that. So we are dealing with highly inflated job numbers not including the number of people you simply don't count as available for the job market anymore.
The states deficit is at record highs because we have funded all this with borrowed money either from other countries who buy our currency or the future through quantitative easing.
Yet somehow most people think everything is just another luddite fallacy being replayed.
New sustainable jobs aren't created, the number of entrepreneurs is actually going down and the economy move from labour heavy to capital intense industries.
And our politicians are being advised by economists who treat technology as an externality.
Somethings gotta give.