Karl Marx in his day could not believe the volume of production could possibly expand enough to reemploy those who lost their jobs as handloom weavers as well-paid machine-minders or carpet-sellers. He was wrong. The optimistic view is that our collective ingenuity will create so many things for people to do that are so attractive to the rich that they will pay through the nose for them and so recreate a middle-class society.
Um, care to consider this: http://www.shadowsta...employment-charts
Median income in the US (adjusted for inflation) between 1999 and 2012 FELL from $56,080 to $51,017. That's a 9 percent drop in median wages!
Right, tell me again how the rich are going to "pay through the nose."