Original Article In the olden days, everyone was a farmer; in the early 20th century, a lot of people worked in factories; today, most people work in services: And it’s easy to think that in a simple supply-and-demand world, this shrinking of the human domain will reduce wages. As humans get squeezed into an ever-shrinking set of tasks, the supply of labor in those remaining human tasks will go up. A glut of supply drives down wages.
