Recent AI discussions makes it almost certain that jobs would be affected. It makes me wonder what happened when suddenly humans were replaced by machines. Assuming a lot of jobs were lost was it that lots of people suddenly found it difficult to afford meals or was it not disastrous at all and was a smoot h transition? Can we compare it to today’s AI revolution in terms of adjustment with jobs?
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I doubt the job losses were systematically tracked back then.
Economic statistics didn’t fully get going until the 20s and 30s when they were needed for the government to monkey around with the economy.
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