For example, I was informed by a retailer that, with a slight change of focus in its sales strategy, it came up with the idea of selling goods that were easy for the elderly to use and that these became big sellers.
Roughly 82 per cent of the prime-age population is now employed, about 13 percentage points higher than 40 years ago. Other past technological advances did not lead to a sustained rise in overall unemployment either. Let me use agriculture to illustrate the economic mechanisms that have helped us adapt and thrive in the past, which are often underemphasized.