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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: smolejv@gmx.net who wrote (11383)11/26/2001 8:12:09 PM
From: Moominoid  Read Replies (2) of 74559
 
The question is how far redistribution would go under extreme versions of this scenario.... How far it would be resisted what all those people with unaccustomed leisure would do with themselves etc. As I see it technological change in its existing guise works to save labor mainly because the owners and managers of capital don't want to employ workers because they cause trouble. That's why economic growth is required to keep up employment and wages in face of the inexorable reduction in the demand for labor.
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