Second order effects: history does not indicate the effects of an unemployable population are favorable for the owner class.
This it true, but the dynamics seem likely to change when the unemployable population basically can’t exert any military force, and the military will categorically not side with the unemployable population.
I agree, though higher-order effects become more difficult to conceptualize the further removed you are from the proverbial impact crater, and the uncertainty appears to be short-circuited by a normalcy bias. See my reply to StanislavKrym’s comment for a more elaborate explanation.
First order effects: yes, agreed.
Second order effects: history does not indicate the effects of an unemployable population are favorable for the owner class.
This it true, but the dynamics seem likely to change when the unemployable population basically can’t exert any military force, and the military will categorically not side with the unemployable population.
I also wrote the following, which speaks to your second point.
I agree, though higher-order effects become more difficult to conceptualize the further removed you are from the proverbial impact crater, and the uncertainty appears to be short-circuited by a normalcy bias. See my reply to StanislavKrym’s comment for a more elaborate explanation.