Often, the economy is planned for growth in government spending and personal wealth accumulation and resulted spending. But, personal wealth building is based on business gaining productivity, which is defined as revenue divided by number of employees. Periodic restructuring by layoffs raised productivity and resulted in obscene profits fueling growth in more investments in new products and services.
So far so good, and labor is regulated in 'just in time' hiring, to prevent any labor shortages.
This plan has no end points in sight, because full employment has to have service industry to support demands of skill workers to service wealthy clients.
Labor saving products are constantly being dreamed up. So that the economy grows because of labor saving features. Turned out the labor saving products are disposable packages. We have started packaging industry to offer automation in packaging products, then the item can be thrown away to be recycled.
Planning economical growth goes much deeper than technology improvement, but mostly using and substituting with ample material resources which are cheap, such as water, and mud. Biomaterials grown from seeds are replacing many natural minerals under ground. Commodity shortages are often substituted with renewable materials(carbon recycling), that can be grown in 3 months, such as ethanol for gasoline, Co2 converted back to corn growth. |
