Quote Originally Posted by HoreTore View Post
Yes, that's the glory of it all. I'll give a historical perspective even though I noticed your sarcasm-smileys

A few hundred years back, the majority of the population was employed in agriculture. Today, the number of farmers in industrial countries are extremely small, even though we are producing much more food now. The automation of agriculture removed a ton of farming jobs. This, however, didn't mean that nobody is employed today. The automation had two effects:

Firstly, jobs were created to make the machinery responsible for automating farming tasks.
Secondly, the abundance of available persons allowed the creation of new types of jobs.

It's the second one who is the most important one. A new reality creates new products and jobs.
The issue is that there's need to be something new this time, rather than an old section expanded. When service jobs are getting automated, what is next? I don't doubt that production and total wealth has gone up in the process, it's just that there's no default idea that the increased wealth by a job creates new jobs in a sufficient ratio to sustain full employment.