U.S. Industrial Production Just Broke Through Its Pre-Recession High

Alan: This new peak for industrial production, coupled with depressed employment, means that production is increasingly automated, roboticized and computer--enhanced so that "the jobs" of yesterday are disappearing and not coming back. This structural "job destruction" is the unacknowledged "elephant in the room."

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"Automation, Robotization, Software-Enhanced Productivity and Permanent Job Loss"

http://paxonbothhouses.blogspot.com/2012/02/automation-robotization-and-job-loss.html