Posted on 01/09/2014 7:31:06 AM PST by bigbob
The Spin Cycle?
I have Windows 8, and when I first got it, I was able to search and find the calculator.
I got auto-upgraded to 8.1, but the calculator still works. You might try searching for it again.
I have it on my task bar.
Apple does basically zero manufacturing or assembly in this country. If they did, their products would probably be much too expensive.
But that’s more or less my point. Here we have the most valuable country in the world, or for that matter in the history of the world, and it employs a small fraction of the people that previous dominant companies in history have. Certainly in this country, but probably also worldwide.
IOW, the human labor input required to produce wealth has gone down enormously. Just about all the dynamic, expanding parts of the economy are low-labor. Extend that into the future and this is only likely to get worse. Enormous wealth, but very few people involved in producing it.
Don’t think I thanked you for posting the nifty chart.
Unless I’m misreading it, I think the curve is getting steeper. If that continues for very long, we’re going to have a LOT of wealth and “stuff” manufactured by very few people.
What does everybody else do?
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