The Luddite fallacy is not fact, neither is it a logical fallacy of any form.
It's simply a subjective economic view which I don't agree with.
And again, as I've said for the 100 billionth time,
I said worthwhile productive work not working for the sake of continuing cyclic consumption.
An extract from the same article.
Marshall Brain and Martin Ford are IT engineers who have worried that advancing IT will displace workers faster than current economic structures can absorb them into new kinds of jobs.
Ford presents an argument for why the Luddite premise, although it was fallacious for two centuries, might lose its fallaciousness as machines become qualitatively different from those of the past.
He compares this to the standard warning in financial prospectuses that "past performance is not a guarantee of future results"
"James S. Albus, a US government engineer and a prolific pioneering inventor of intelligent systems, automation and robotics, was concerned for many years about the potential social impact of advanced intelligent systems. Dr. Albus was optimistic about the wealth producing capabilities of intelligent machines, but concerned about the elimination of jobs and the downward pressures advanced automation placed on human wages and incomes. In his 1976 book titled "Peoples' Capitalism: The Economics of the Robot Revolution", and on his websites he lays out a plan to broaden capital ownership to the point where, in his view, every citizen becomes a capitalist with a substantial income from personal ownership of capital assets, leading, in his view, to achieving a future economic system where income from ownership of capital assets supplements, and eventually supplants, wages and salaries as the primary source of income for the average citizen."
Another differing view.
It would be flawed to suggest that ALL jobs would go due to technological advancement - but not that some (or enough to destabilise the workforce enough to destroy the economy).
What evidence do you have the market could absorb people that quickly?.
I'll reply for you.
None.
Edit - On a final note, I won't point out the breathtaking hypocrisy of making the comment "any fear that technology will cause widespread, long term unemployment is a fallacy" while you try to imply my logic is at fault.
You like making broad statements of "fact" don't you
