It's happened already in the US, and in other countries.
When do you think the peak of US manufacturing output was? It was actually 2007, it has only dropped since then due to the economic downturn. However, while US manufacturing output has doubled since 1975, the number of jobs available has more like halved, due to increasing per-worker productivity (from computers, containerized shipping, factory automation, etc.)
When do you think the peak of US manufacturing output was? It was actually 2007, it has only dropped since then due to the economic downturn. However, while US manufacturing output has doubled since 1975, the number of jobs available has more like halved, due to increasing per-worker productivity (from computers, containerized shipping, factory automation, etc.)