Question to those who believe the economy always adapts to tech evolution. If that is the case why are we seeing destitution around some parts of the country which used to have thriving industries? Arguably tech and automation has caused huge amounts of poverty where major employment hubs have disappeared. Trump got elected as US President on the back of promise to bring jobs back to the US. I'm starting to believe the answer to my original question is basically none. There are no *new* jobs being created. So I definitely don't believe the Government should be pumping money into tech that will make even more people redundant. And I more than ever believe we should be trying to keep as many jobs in the economy as possible, as there are no new stable well paid jobs for these people to go to. I think either this Government or the next one will have a very very big problem on their hands.
You've obviously reached your own conclusion and won't listen to evidence presented by me and others.
In my lifetime, 600,000 jobs have been 'lost' in this country in just two industries - steel and coal. Yet in the same timescale, 7.5million more people are in work.
In the early 70s it was commonly believed that computers and robots would rapidly take over most jobs, and lots of people would be out of work. To a certain extent the first did happen - whole swathes of jobs were computerised, but, yet, many more jobs exist. The economy changed, just like it did during the industrial revolution, and has been doing ever since. You could spend a long time listing the jobs that have practically disappeared. What has happened to all the milkmen? Chimney sweeps? Railway Telephone Enquiry Bureaux operators (there were
thousands of these!). As technology and the economy moves on, so do the types of jobs available.
In the last 30 years we have seen a huge increase in the number of people employed in some sectors. Indeed some of the sectors barely existed. If you said to my Dad 40 years ago that by now the mobile communications and IT industries would employ 5 times more people than mining did then, he would have assumed you were mad. There has been a big increase in the creative industries - media, arts etc. A huge increase in the leisure industry. Bio-tech. Aviation. The list goes on.
Yes the locations of industry and jobs have changed. That is a natural consequence of the economy changing. And it will continue.
Another thing that has happened in the last 30-50 years is that the average hours worked has reduced. Which means more jobs for a given level of output, but also more leisure time. Which leads to the macro-economic point...
The primary point of automation is that it makes a given output cheaper to produce. This makes it cheaper to buy. Which means life gets cheaper. There's a great article on the BBC Website about how much effort it has taken (over history) to produce a given unit of light. For 'light' read most manufactured goods - food, clothes, cars, TVs* the list goes on. Because life gets cheaper, you can then spend more of your income on the nicer things - e.g. leisure, media, arts. Spot the theme?
* I bought my first TV in 1984 for £140 (almost £450 in today's money) - it was the cheapest colour TV on the market; 14", no remote control, no teletext. Today you can buy a 55" 4K Smart TV for less than £400. But you need technological progress!
Yes many types of jobs will go, but there will be others to do, in other industries, including some that have yet to be invented. People will, on average, work fewer hours. Average incomes may not rise - but with technological progress they don't need to as life gets cheaper.
Finally, the Government is funding tech research in certain areas to keep pace with the rest of the world. Yes, the £2bn a year Government committed sounds a lot. But it's a drop in the ocean. Amazon, Google, Microsoft, Intel and Apple spent £50bn on R&D between them last year. Stopping the government research will do precisely nothing for the pace of technological change, and simply mean that we in the UK will miss out on some of the the benefits, not least the new research jobs it brings. It is naive to think otherwise.
The world will change. For the better. Deal with it.
Failing that, take a conversion course on how to fix robots.
(Edit:
yorkie, I started this before your post; you have summed it up much more succinctly!)