Another way to look at less manpower needed to make less goods is that it's much closer to reaching the end of scarcity. This would probably provide a strong footing for Marxist-ish arguments, since it removes of the significant constraints on idea. One could envision an economic system similar to the one of the Star Trek series.
WOW now you got me thinking of how the star wars or star trek economic system works. In the t.v. series you only seen a few people aboard that ship of 428.... what did they do? and it is funny that captain pikes crew was only 203.... so was it technology in the future that will still dimish labor? lol. interesting glad you brought it up
if technology eliminated jobs the Fed would not be waiting for unemployment to go back down to 6% and unemployment would have reached 90% after 2000 years of technological growth. I suppose Bernanke may know about the law of supply and demand.
For a self-proclaimed economics genius, you sure don't know anything about it.
Are Technology Improvements Contractionary?