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HappyGilmore says

No, I've explained it twice now. Look up the law of diminishing returns:

I've already answered this answer: if all we have now are minor enhancements, then why the hell does it still have a large impact on labor? As large as in the past? You're not saying.

Plus you assume technological innovation has stopped, which makes no sense at all.

Heraclitusstudent says

if all we have now are minor enhancements, then why the hell does it still have a large impact on labor? As large as in the past? You're not saying.

First off--I'm not saying minor enhancements. I'm saying that the productivity gains are not as drastic with some of the changes now. They still could be major changes.

But to answer your question, it's because all the large labor displacement in the past hasn't been eaten up yet. Even so, unemployment is down and wages are up.


Heraclitusstudent says

Plus you assume technological innovation has stopped, which makes no sense at all.

I do nothing of the sort. Of course technological innovation continues. You assume that innovation is a straight line, which is ridiculous.