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Housing and food costs don't seem to be getting any more affordable. There is only so much land to build or plant on. There is also nothing to guarantee that n
by jiggy2011 13y ago
Housing and food costs don't seem to be getting any more affordable. There is only so much land to build or plant on.
There is also nothing to guarantee that new labour intensive industries will appear enabled by new technology. Startups are a classic example of this, they often employ extremely few people compared with their valuations and share of the economy.
You could eliminate minimum wage laws to make automation or outsourcing less attractive but with that you have to accept a regression in living standards for a great many people.