Is Technology Really on Our side?

Technology has had a tremendous positive effect on business. People can sell products online, production can be raised exponentially. But, has technology come too far in the business world? is it more negative than positive on the American economy? Jeremy Josse from Seeking Alpha argues that technology has actually lowered efficiency in capitol markets. For example, capital rely on constant product consumption however with new technologies constantly simplifying jobs and replacing previously several man jobs then there will be higher unemployment and less money for consumers to spend. This is something that Tesla CEO, Elon Musk, has been arguing for years and could pose a serious threat on the American Economy.