Comment Technology never reduces the number of jobs. (Score 1) 29
It is true that technology does eliminate old jobs, but there are an unlimited amount of jobs in the 'que' so to speak.
There is no set amount of jobs. Jobs are determined by people's desires. If you have money and a desire, those combine to become a job. Those new jobs create money. (basic economic theory - jobs create money, not the other way around. Simplest thing to think of me paying you lets you pay other people, who can pay other people, so $10 being spent once ends up being spent 4,5, or who knows how many times, thereby increasing M1 and M2, even with same amount of M0).
When technology destroys an old job, it frees up that money to create more jobs. A thousand years ago 90% of our current jobs did not exist - almost no industry, no media, few luxury goods, few 'high' art, no 'low art'.
Jobs come from people's desires, and those desires are unlimited. Trust me, you can always depend on human greed, lust, gluttony, envy, and pride to create new jobs.
Now, those jobs may require advanced training that is rare, and may be low paying crappy jobs, but there is always an unlimited amount of new jobs to come.
The trick is to make sure they are good paying and to keep being trained.