There aren't a lot of tools available to government (or capital for that matter) which can sustainably juice employment. Only an organic increase in demand will do it without incurring inflation imo, and the only things on the horizon which will pull that off are AI (ironically) and fusion power.
UBI (mentioned in the article) may well work fine on a national-economic level, but it's existence threatens several business models which are predicated on the availability of masses of unemployed and unskilled people, which would be a self-reinforcing phenomenon.
Long story short is that AI is coming for capitalism. I believe any solution would have to entail the ideation of a new economic system, and what passes for the aristocracy these days is almost certainly not going to be on-board, inevitably leading to historically interesting times.
In Bullshit Jobs, Graeber wrote that the great job loss due to automation already happened; it was just swallowed by a ballooning middle management class. That ballooning happened for power reasons, higher up managers signaling their status by expanding their teams, while those teams don't have much to do.
Graeber used the terms of neo-feudalism for this supposed pattern: every manager has their own little fiefdom. If Graeber was right about the existence of this pattern, we might even see an expansion of those fiefdoms: even more bullshit jobs!
The term he uses is “box tickers” as a class of bullshit job of memory serves right (been a bit since I read it). But basically we created make-work for millions to keep people going into the office.
UBI (mentioned in the article) may well work fine on a national-economic level, but it's existence threatens several business models which are predicated on the availability of masses of unemployed and unskilled people, which would be a self-reinforcing phenomenon.
Long story short is that AI is coming for capitalism. I believe any solution would have to entail the ideation of a new economic system, and what passes for the aristocracy these days is almost certainly not going to be on-board, inevitably leading to historically interesting times.