I was responding to the implied symmetry in the GP: the "employs" does not balance out the "unemploys", because the unemployment is likely permanent and the employment temporary.
replyAnd then there's the fucked up resource allocation: throwing around insane amounts of money, driving up the prices of things the people actually want, to build hated things for investors and billionaires, which is a separate issue.
The unemployment of electricians and carpenters is permanent? On a long-enough timescale, where we have much more advanced robotics, probably. Not in the near or medium-term.
replyThe fucked up resource allocation is itself an indicator of wealth inequality. A generation ago growing companies had to go public to access funding. Now they can find all the capital they need in private markets.