Over the past 150 years businesses have dealt with the challenges of increased scale by optimizing processes, resource allocation and expenditure. However, there is a limit to how much one can optimize a business and not damage the society within which that business exists.
I have spent a goodly part of my career working on optimizing large scale businesses and increasing productivity.
The main way to achieve that is by automating routine and repetitive tasks or outsourcing them to lower cost regions, thus making low paid jobs redundant. That process generally takes bottom line cost out of the business and increases productivity as a by-product. Where it does create new jobs they are rarely suitable for the workforce that has been displaced through this process.
Many older workers have been pushed out of the workforce due to the disappearance of these types of jobs. For them it seems too late to re-train, and many face ageism from employers who are unwilling to give them a chance at different roles.
Thus we are wasting the talents, energy and skills of many older workers who now languish unhappily on welfare payments.
But it is also interesting to consider this: if the many young unemployed people across the western world had been born twenty years earlier they would be doing those repetitive jobs and earning an income. Those jobs have disappeared. And they have disappeared either due to optimization and productivity improvements.
So what do we do with all of the people who used to do those old jobs? In most western countries (except the USA) we pay them some kind of social welfare benefit. That allows them to subsist. But what do they do with their time while subsisting? Are they included somehow in the community? Do they have a role, apart from being passive recipients of welfare, that make them feel part of society?
A boring repetitive job is boring for many young people. But it does provide some benefits: they earn an income; they learn real-world work skills; it gets them out of the house; it gives them some kind of purpose outside of themselves; and it is really a good way to get them thinking about what else they can do with their life.
My first job was utterly dull and boring. It gave me the impetus to get back into study and work out ways to never have a job that dull again. It also gave me a perspective on how business works, and it is a perspective that I could not have achieved from outside.
But now most of those entry level (boring) jobs have gone. And many young people do not want to take them even if available. That is a bit sad.
We seem to have mostly banished boredom in our society, and that might not be an entirely good thing. The social benefit provided by those lost jobs has not been replaced.