The Magic Employment Fallacy Invoking the “Lump of Labor Fallacy” to shut down discussion of the labor market impact of AI and robotics is once again popular. Labeling something a fallacy is a powerful move. After all, who would want to hold “a mistaken belief, especially one based on unsound argument” (common definition for fallacy) and where one will be accused of zero sum thinking?So what is the lump of labor fallacy? It is the belief that there is a fixed amount, a “lump,” of labor and so...