Agree - also note that many office jobs have been shipped overseas, and also automated out of existence. When I started work there were slews of support staff booking trips, managing appointments, typing correspondence & copying and typesetting docuements. For years we laughed at the paperless office - well it's been here for a decade and there's no discussion about it anymore.
Interestingly at the same time as all those jobs disappeared and got automated there were surges of people into the workforce. Women started to be routinely employed for all but a few years of child birth and care, and many workers came from overseas. Yet, white collar unemployment didn't spike. The driver for this was that the effective size of the economy boomed with the inclusion of Russia, China, Indonesia, India and many other smaller countries in the western sphere/economy post cold war... and growth from innovation.
Interestingly at the same time as all those jobs disappeared and got automated there were surges of people into the workforce. Women started to be routinely employed for all but a few years of child birth and care, and many workers came from overseas. Yet, white collar unemployment didn't spike. The driver for this was that the effective size of the economy boomed with the inclusion of Russia, China, Indonesia, India and many other smaller countries in the western sphere/economy post cold war... and growth from innovation.