Your claims are mostly orthogonal to mine; I'm not saying "this was fun for all involved" or "the specific people who were laid off got better jobs" or anything like that, though with the benefit of hindsight I can see how:

> those people get other jobs, and/or everyone else in the economy gets richer faster than they get poorer.

Could be read the way you seem to have read it. With this quotation "other jobs" was "a job" rather than "a good job", while "everyone else" was intended to refer to the aggregate economy, not to all other individuals within it personally and individually benefitting. And the "and/or" because this isn't just about the initial phase of the industrial revolution but all technological job displacement that has continued to this day.

Not even saying it was fast or error-free; another comment I made around the same time used a colourful metaphor to reference various economic depressions that keep on happening.