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why does productivity need to go up if the population is declining? what about the unemployed?
by psykovsky 11y ago
why does productivity need to go up if the population is declining? what about the unemployed?
- rewqfdsa 11y agoUnemployment is on a long-term upward trend because as technology advances, it becomes economical to replace an increasing number of jobs with machines, starting with the lowest-skilled jobs first. Without eugenics, population decline will not increase the smart fraction in society, so to achieve economic growth, you constantly need fewer people to do more work. That is, the more technology we have, the larger the portion of the population that is "zero marginal product" --- that is, the portion of the population that isn't profitable to employ at any wage. Improved education is no help, since most people do not have the intrinsic mental capacity to take full advantage of it. Intelligence is largely genetic and immutable.
- RobertoG 11y agoUnemployment is a policy choice that we do as a society. http://heteconomist.com/unemployment-is-a-government-policy-choice/ http://heteconomist.com/unemployment-is-a-government-policy-...