Does New Technology Create Unemployment

It works differently than that. In In the short run jobs are lost when technology suddenly appears. On a 10,000 timeline, 10 to 20 years constitutes suddenly. This happens while the unemployment rate continues to rise. New jobs created by the .new jobs go unnoticed. Those jobs largely go unmentioned. Jobs lost are highly visible. It appears as if there are net jobs even when more are being created.

Despite societies preference, fairness is not part of economics, Self interest is he only influence. That is a survival instinct. Government intervention is the genuine cause of any eventual job losses.

This is reality and reality is what I teach. Think in light reality and posses the fantasy free advantage.