Imagine a year where what we’ve long taken for granted, that technology destroys jobs but also creates new and better jobs, is discovered to no longer be true. Instead, machines permanently displace human labor, and what new jobs are created, are mostly worse jobs.
An ever decreasing percentage of the population is employed, and for a majority of those left in the labor market, incomes decrease, hours worked increase, monthly income variance grows more extreme, time between jobs grows, jobs themselves become more akin to tasks, employer-provided benefits become more rare, and the bonds that hold society together begin to fray as inequality grows ever more extreme.
What year do you predict such a future comes to pass? 2030? 2040? 2050 and beyond if even then?
The answer will vary nation by nation, but in the US, the answer is right around 1990. Yes, it already happened. It’s not in the future. It’s in the past.