You are presuming it is an equal replacement. The labor force participation rate in the United States doesnt reflect that.
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You are presuming it is an equal replacement. The labor force participation rate in the United States doesnt reflect that.
It's not equal replacement and there may job losses for the short term. But new tech will not necessarily mean a loss of jobs for the long term or else we should have seen a drastic increase in unemployment throughout history when there were new techs replacing jobs.