Automation's Destruction Of Jobs: You Ain't Seen Nothing Yet...
Authored by Charles Hugh Smith via OfTwoMinds blog,
Employers have no choice: it's innovate/automate or die.
Automation--networked robotics, software and processes--has already had a major impact on jobs. As this chart from my colleague Gordon T. Long illustrates, the rise of Internet technologies is reflected in the steady, long-term decline of the labor force participation rate-- the percentage of the populace that is actively in the labor market.