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>"increased productivity and efficiency" means less jobs. it means less of mundane and low productive, time wasting jobs. More value produced by less people. T
by VladRussian 16y ago
>"increased productivity and efficiency" means less jobs.
it means less of mundane and low productive, time wasting jobs. More value produced by less people. That increased amount of value allows for more investment (and spending as well) which creates more jobs.
Following your logic, the 20000 years ago was the golden era of employment - everybody was employed full-time gathering edible roots and hunting.
>If you want, you can have "well off poor". That's someone who is poorer than his neighbors,
Due to some unfortunate law of the Universe there is always a half which, by whatever criteria you choose, is worse off than the other half.
- ars 16y ago> It means less of mundane and low productive, time wasting jobs. Unfortunately not everyone can do less mundane jobs, especially when the skills needed change within a generation - there isn't even time to go to school to learn them. > More value produced by less people. That increased amount of value allows for more investment (and spending as well) which creates more jobs. Maybe. But only if the investment creates more demand. It doesn't always. > Following your logic, the 20000 years ago was the golden era of employment Certainly. But who said employment was the only goal? It's _a_ goal, but not the only one. > is worse off than the other half. Yup, which is why people don't like it. But your plan (of higher productivity) won't fix that.