It’s not, but it may be a necessary SHORT term solution.
The problem with tech is that it has the ability to change the employment equation QUICKLY, without giving people time to respond. The best example will be seen when self-driving vehicles could, over a very short period of time, idle up to 5 million americans who earn their living behind the wheel of some sort of vehicle.
You simply can’t retrain that many people that quickly to do other things, and time is not the only variable in the equation — — many of the jobs that we DO have openings for (tech, health care, etc) require intellectual chops that the idled drivers might not have.
There is nothing wrong with *some* restraint, considering that the only entity that benefits from, say, self-driving trucks are the corporations.