Rapid technological improvement is just a convenient justification for letting people go. It sounds a lot better than the real explanation "The system is broken and we need to keep optimizing money flows to sustain the scheme to control inflation." The system destroys value faster than technology can create it; which is quite an impressive feat because technology opens up massive capabilities; but look at reality; AI is being massively misallocated. People are just following the incentives.

Mark my words; the business model for AI, if the current trends continue, isn't going to be about "robots making everyone's lives better"; it's going to be about "AI agents which patch vulnerabilities that AI agents themselves created."

This is the reality we're heading into. No amount of amazing technology is going to solve that problem if it follows the incentives and rules of the current economic system.

If the government paid people to dig holes and fill them up again over and over, we'd probably have super-intelligent tractors and excavators by now.