3 ms·
I question the assumption that "job creation" is the necessary prerequisite for money creation especially in an age of automative ephemeralization and surplus.
by laotzu 11y ago
I question the assumption that "job creation" is the necessary prerequisite for money creation especially in an age of automative ephemeralization and surplus. Large demand for money already exists among the poor whether or not they have a job.
>In technology's "invisible" world, inventors continually increase the quantity and quality of performed work per each volume or pound of material, erg of energy, and unit of worker and "overhead" time invested in each given increment of attained functional performance. This complex process we call progressive ephemeralization. In 1970, the sum total of increases in overall technological know-how and their comprehensive integration took humanity across the epochal but invisible threshold into a state of technically realizable and economically feasible universal success for all humanity.
-Buckminster Fuller