Remember When Everyone Was Unemployed Because Fossil Fuels Replaced Firewood?

No? Neither do we.

Keep in mind the chart below when doomsayers worry that the latest major technological change – artificial intelligence – will cause permanent mass unemployment. We survived when almost three of 10 workers were phased out of logging, when fossil fuels became the nation’s energy source back in the 19th century.

Productivity creates new jobs and wealth, it doesn’t destroy them.

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