July 9, 2012
WE USED TO REDISTRIBUTE WEALTH VIA JOBS:
The Post-Employee Economy: Why Sky-High Profits Are Here to Stay : The end of the age of consumption and the decreasing need for labor are more related than you think (Conor Sen, 7/09/12, The Atlantic)
The role of the duel forces of capital and technology is to make us more productive, to allow us to do things that labor alone can't do, or to do them more efficiently. And they've done a good job. Since 1975, in the US manufacturing sector, hours worked have fallen by 30% (blue line, left axis) while output has risen by 170% (red line, right axis).
Posted by Orrin Judd at July 9, 2012 5:34 PM
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