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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (11439)11/27/2001 8:55:51 PM
From: LLCF  Read Replies (1) of 74559
 
<But actually David, there has been an inexorable increase in the demand for labour.>

Agreed... but it's all about the new people needing to survive.

<There are now billions more people doing much more useful things than were doing useful things 100 years ago. The value of the things they are doing continues to increase.>

Doing much more useful things??? You mean living? LOL, you know it's interesting... in economic terms lives are worth so much more than they used to be... can this be?

<The 'everyone will be out of work and have no income' eternal worry has never come to pass.>

Never is a long time.

<The Luddites didn't like modern weaving methods. Today, the same old worries continue.>

I don't think you have to be a luddite to wonder about such things with less certainty than you. That said, I certainly don't lose any sleep over it...

DAK
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