What about the people who make the machine, and sell the input materials? I dont like this line of thinking, because it assumes that just because there is less demand for widget making that there is nothing else those people could be doing.

Under this line of thinking, the remaining farmers would all be making millions a year - agriculture once consumed upwards of 90% off all human economic effort. Now less than 2% of the population can feed the rest of us.

Had we applied your way of thinking in the past, I dont think we would have made it very far as a species.


--------------

As an aside, I would not mind seeing states add education credits to unemployment insurance.

For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)