Part 11/14:
Why Jobs Will Not Save Us
The speaker challenges the myth that technology creates more jobs. In fact:
Automation's deflationary effects shrink the revenue pools for employment.
Jobs guarantees and shorter workweeks do not fundamentally address the decline in demand driven by automation.
Long-term, the goal must shift from job creation to ownership and demand stability.
As AI advances, labor markets will dislocate further, rendering traditional employment metrics—such as unemployment—less relevant. The key is ownership of assets, which sustains demand even when jobs diminish.