Technological Unemployment: A Self-Test

Normal people worry about technological unemployment.  Economists keep telling them to relax, but to little avail.  You can’t trust a coven of eggheads, can you?

Rather than rehash the textbook arguments, let me propose an easy way for the public to test its own understanding.

Step 1: Create a graph where the x-axis runs from 1948 to the present, and the y-axis shows the overall level of technology.

Step 2: Sketch whatever you personally believe about the evolution of the overall level of tec...