Because consumer demand is infinite, the only way to majorly and permanently increase unemployment is to completely automate all labor or maybe almost all. We have been automating away jobs for hundreds of years and unemployment is still ~4%
unemployment figures are a joke. What matters is how much able bodied people that could work, actually do have a job. And this number tells a completely different history from the feel good libertarian narratives such as this one.
elzbardico|1 month ago