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To: Red Badger

Decades of economic history and economic theory both agree that labor saving devices that increase the productivity of labor have a long term beneficial effect on the prosperity of the economy as a whole and on the standard of living of the average worker.


14 posted on 02/28/2020 10:54:31 AM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: mjp

I just finished reading a Sci-Fi novel, written in about 1938-9, where in a ‘Future Society’, 2085 in the book, people were given money by the government to ‘consume’ goods and services. that was in addition to any money you made from your job if you had one. People could live off the government gratuity and be artists, musicians, etc, or earn a paycheck doing whatever they were skilled at..................


21 posted on 02/28/2020 10:58:46 AM PST by Red Badger (If people were to God like dogs are to people, the world would be a really great place..............)
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To: mjp

True we shouldn’t discourage them. But they can cause labor dislocations, and those can be severe and persist for some time. So how we address those is important.


56 posted on 02/28/2020 11:30:53 AM PST by DannyTN
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