Jobs, Productivity and the Great Decoupling
Beginning of the 2000s , productivity growth and employment growth started to become decoupled from each other. By 2011, a significant gap appears between the two lines, showing economic growth with no parallel increase in job creation.
Brynjolfsson and McAfee call it the “great decoupling.” And they are both confident that technology is behind both the healthy growth in productivity and the weak growth in jobs. Other economists find other plausible explanations to this slowness of job creation since the turn of the century, including events related to global trade and the financial crisis of the early and late 2000s. No one knows but for sure technology might strongly impact employment rate and recently vanished jobs might not come back.