I wonder how many saw the irony in the term, "Service Economy" twenty years ago? Anybody who didn't see the Internet and supply chain automation cutting out those positions wasn't awake.
There were huge disruptions in the way people earned their livings with the mechanization of agriculture and with the introduction of assembly line manufacturing. Anyone who didn’t think similar things would happen with similarly disruptive technologies like the personal computer and the Internet simply couldn’t combine a basic knowledge of history with the least bit of forward-thinking.
The question is, do we give up and give everyone protected union or government jobs and go broke a la Europe, or do we figure out how to become individually productive again in new ways?
Smoots-Hawley Protectionism and/or Neo-Luddism aren’t the answer.