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Unemployment by a fellow named john keens in 1930. Weve always been both correct and wrong. The correct part of this idea of technological unemployment is automation and technology do destroy jobs. They automate jobs away. At the same time, Technology Creates new opportunities, entrepreneurs create new companies, new industries. Created more jobs than destroyed. Unbelievable amount of jobs. So weve had, even in this era of intense industrialization for the past couple of centuries, we had pretty close to full employment. Its this really great run. My deepest worry is that that run might be coming to an end and that things actually are different this time. Why . Because when i look at the bundle of stuff that any of us can offer to the work force or offer to an employer, all the previous ways of technology combined dont encroach on that bundle very much. The steam engine took away or comparative advantage lifting heavy stuff, unless youre a circus strong man or athlete, no one hires to

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