Obviously there are some jobs that cannot be done from anywhere. However, as you said, we did such a good job at creating so many worthless jobs that they are really not needed. This pie grows bigger as automation simply improves more. The jobs that computers can do better than people grows each day. Give it another few years and the difference will be really stark.
So this is one of those battlegrounds where either adjustment will take place or the status quo will win. If it is the later, productivity will take another hit, heading lower as it did for the past 30 years. The Boomers really have enjoyed one of the greatest technological booms in history yet did not take advantage of it. The Millennials will not do the same.
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