Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (11100)	11/13/2001 12:22:49 PM
From: Don Lloyd	Read Replies (1) of 74559

elmatador - ...I think the way out is to use machinery and automation where they are the best solution for the job and people where people is the best solution for the job. ... Why would you think that this isn't exactly what happens anyway? Of course 'best' is a relative term, but from the point of view of the manufacturer, 'best' will turn out to be primarily cost, modified by considerations for quality, risk and flexibility. All production will be a combination of labor and the machinery required to achieve a needed level of productivity to produce competitive products. Often a higher level of machinery than strictly required will be the forced choice due to labor being either in insufficient supply or at excessive prices or both. Since most governments practice price and contract control over labor in one form or another, the inevitable result is that the supply of labor exceeds demand at the mandated prices and conditions, and that much of labor is forced into the underground economy or onto welfare rolls. Regards, Don

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