![]() ![]() Those who once farmed were now manning the legions of factories that churned out farm equipment, cars, and other industrial products. Instead, automation created hundreds of millions of jobs in entirely new fields. But the displaced workers did not sit idle. Today automation has eliminated all but 1 percent of their jobs, replacing them (and their work animals) with machines. Two hundred years ago, 70 percent of American workers lived on the farm. But that-in slow motion-is what the industrial revolution did to the workforce of the early 19th century. ![]() It's hard to believe you'd have an economy at all if you gave pink slips to more than half the labor force. Imagine that 7 out of 10 working Americans got fired tomorrow. ![]()
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