For some reason, classically-trained economists insist that there is no structural unemployment in the US economy despite the fact that it is occurring all around them.

It’s already been well-established that macroeconomics is the discipline least grounded in the real world, mostly due to its complete distortion by neoliberal thought over the last fifty years but lately this has been reaching new levels of absurdity.

Manually, it takes a team of painters 4.5 hours to do the first coat. The robots do it in 24 minutes with perfect quality. Boeing began using the machine in February. By midsummer, all 777 wings will be painted this way.

4.5 hours of labor, done in 24 minutes by robots. This isn’t even the future. This is happening right now. The future will just see far more of this, and it will begin happening faster.