I read a recent article regarding global population growth. Population is at ~7.9 billion and estimated to plateau somewhere around 10 billion sometime in the next 50 years before declining. The article spoke of a theory that a large population means high levels of technology innovation and as a population drops such innovation slides proportionately.
One could argue that automation, tech advances etc would offset economic decline caused by tech decline.
I also recall the worry caused when the microchip was announced in 1975. Mass unemployment was the second headline. But as these type of advances do affect jobs, like automation robotics, they seem to create mass employment in new industries. Could it be that these tech advances and automation only proceed when markets are opened; in other words they lag behind a demand curve.
