THE LUMP OF LABOR FALLACY.
Chicago Boy David Foster contemplates an Attack of the Job-Killing Robots. Fordist production technologies, including the eNtrance - eXit interlocking machine, which obviated the muscles of the old-time leverman in the signal tower. "Articles on the job elimination expected as a result of robots and artificial intelligences–and there seem to be dozens of such articles coming out every week—very rarely include any attempts to put current innovations in historical perspective." There is always more work to be done than there are resources to do it: the challenge, the knowledge problem, if you will, is in discovering ways to do it.