"Not much is said these days about technological unemployment." (Comment by Joseph DeLassus of MO on a U.S. News and World Report blog)
Most people with intellectual honesty know by this time that the chief cause of the great depression is technological unemployment; in other words, our collective failure to adjust working time to fit the greatly increased efficiency of our productive system.Sandwichman wants to know, "Is there such a thing as 'technological unemployment'? If there is such a thing, might it be the 'chief cause' of the current recession? If it is even possible that it is the chief cause of the current recession why does NO ONE mentions the possibility?
Knowing the root of our troubles, the remedy should be simple. Reduce the working time immediately. The bill for the thirty-hour work-week, now before Congress, should become a law at once. -- Samuel Teitelbaum, Letter to the editor, New York Times, January 7, 1933.
"Jobless recovery" is a gutless euphemism for technological unemployment. Remember that.