Profoundly, fundamentally, disagree with this outlook. To say "...Historical evidence shows that labor-replacing technological innovation does not lead to long-term changes in employment..." seems a very circumstantial basis on which to project what will happen next, given that you have a small sample size - two or three hundred years and two or three industrial revolutions.



But rather than the usual long rant of arguments against, I leave you instead with a von Neumann quote to ponder:

"You insist that there is something a machine cannot do. If you tell me precisely what it is a machine cannot do, then I can always make a machine which will do just that."