But if he wants to check further he might find that production per man(person) hour has increased dramatically because of technology and will continue to increase exponentially for the forseeable future.
Right- and why is that?
Let me tell you why, oh clueless one, because I am in the business of creating such figures.
I used to have 50 or so employees in the US. Now, I have more than that offshore. But the offshore workers are not employees, they are contractors working for one of the indian contracting firms. Because these are not employees, their "expenses" show up on the books here as misc expenses. Their "labor" is counted under one person, their manager who happens to be me, here in the US. It is not that I am as productive as 50 people, it is that contractual relationships with offshore workers output is attributed to me, pure and simple.
And yes, there will be employed persons to purchase these products and life and the environment will improve throughout the world because of technology.
Right well I can tell you where to get 200 out of work professionals who have been looking for quality work for over 2 years. Accountants, legal, hr, programmers you name it, members of a former dept of mine which was axed and offshored. I'm sure they would all be happy to get a 70K/year job at this point. Got any jobs for them? The Bush admin already spent all their money. |
