Isn't it really productivity OR jobs? A smaller number of productive workers can accomplish the same finite amount of "work" as a greater number of less-productive workers.
Welcome to the Industrial Revolution.
Welcome to the Industrial Revolution.
"The digital revolution has yet to fulfil its promise of productivity and jobs",
but the economist title seems more realistic:
"The digital revolution has yet to fulfil its promise of higher productivity and better jobs".
The problem seems to be that we haven't figured out what to do with people that are no longer relevant once their jobs are automated (e.g. factory workers). That sort of thing is only going to accelerate - take a look at this video: https://www.youtube.com/watch?v=7Pq-S557XQU (Humans Need Not Apply)
A bipedal robot that goes around creating a giant mess by randomly breaking and tossing objects around wherever it travels.
Just think of all the janitorial and repair work this invention will create!