Robotics and AI are eliminating lower wage jobs , and will continue to do so. No economist of any standing disputes this claim any longer. Instead, the rear guard of the status quo has changed its tactic from denial outright to that of the lullaby. Sure, the precipitous drop in the cost of automation is affecting employment, but it’s all going to be ok. Trust us. We’re the experts. Thus goes the tune. Bedside, liberal academics offer charming fairy tales such as “re-skilling” and “up-skilling” -all based on a presumption of IQ equality, or at least its mutability. But the former doesn’t exist and the latter is highly limited. By contrast, professional pols on the left are afflicted by a malady one might call Panglossism. More specifically, that there is nothing whatever wrong with the U.S. economy apart from the bugaboos of income inequality and intractable privilege, which we might expect to be remedied in the next pogrom against microaggressors. Thus academia is beginning to admit wh...
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