> As long as central bank is doing at least a halfway competent job, overall unemployment will stay low and stable. Ideally, you have people quit for a new job instead of getting fired, but in the grand scheme of things it doesn't make too much of a difference, as long as in aggregate they find new jobs.
Two big ifs: the central bank is competent and enough and people find new jobs.
Don't get me wrong: I am for progress and technological innovation. That's why we're working, to make our lives easier. But progress needs to be balanced, so that the changes it brings are properly absorbed by society.
