Technological Unemployment: The Real Reason This Elephant Ch

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You're talking about niches and the 'artisan economy', with a lower cost of production I think there will be a lot less room for niches as big business would just squeeze every bit of revenue out of a previously underserved markets so what I think it really comes down to is people choosing to pay more for human labor which won't be a luxury most people will have. I don't see how the middle class can survive in the future, I think we'll see a few more very rich and a lot more very poor. Where are the jobs? Repeating nonsense about the industrial revolution and channeling Jeff Goldblum by saying 'life finds a way' is not an argument; there is no future for a lot of the planet so what I see being left for them is war, famine, disease, and death.

I don't think people look that far ahead and the ones that do tend to hold some rather ugly opinions on 'useless eaters.' People don't really care if they got theirs. You act as if I am being the unreasonable person here by thinking about it logically while you cling to platitudes from previous times with religious fervency, 'life ughhhhh finds ughhhhhhhhh way' isn't a solution! I see a return to feudal serfdom for a good many of people but I see any utopia. They're not just going to give people money for existing, they'd rather you die!

http://sherline.com/
http://sherline.com/about/

Here is a really good example. These guys have been making machine shop equipment in Vista California for decades!

Sure, you can buy cheap Chinese imports that do basically the same thing. But, they have a loyal following of customers that keep them busy, year after year! They have monthly specials so you can buy something on sale every month. Sort of like the book of the month club that was a popular way of selling books when I was a kid.

"One of the things that sets Sherline apart from other machine tools is the complete instructions we have prepared on all our machines and accessories. A full-color Instruction Guide comes with each machine. In addition, each accessory purchased comes with its own complete instructions when they are needed. If you are not sure how to locate the name of the accessory you are looking for, there is a cross-referenced list by usage at Sherline Part-Number Finder."

Enough with people trying to apply Econ 301 to complex situations. Arrow is rolling in his grave.

Also, look at the evidence. Trials by researchers with Give Directly do not show price inflation.

Our bizarre tax code creates bad incentives all over the place. One dramatic simplification is to tax people for whatever they spend above healthy subsistence. This disincentivizes conspicuous consumption and encourages saving and investment.

Giving money to people who spend it increases economic activity in the short run more than giving it to people who save it. Savings increase investment, under most circumstances, and increases economic activity over the long run. However, concentrating money into a few hands won't support a complex, interdependent, agile, modern manufacturing sector.

Also, surveys of production managers indicate they learned about the marginal price of producing a unit of their product, but have no numerical value for it and only remember it from class. Also, executives make decisions based on so many factors that outweigh the tax rate that the possibility of changes in the tax rate don't even make the list of serious concerns. They don't decide what to build based on taxes, but economists have convinced politicians, and it sounds simple enough for the public to eat it up.