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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST

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To: energyplay who wrote (49714)5/8/2009 8:52:13 AM
From: dvdw©1 Recommendation  Read Replies (1) of 218057
 
when you say; "Now all these functions are done by contractors, and counted as service jobs. So the work has become disaggregated."

not really. As time goes about shaping capital, the character of the labor input function is changing. Outputs from hands on contribution value, might be scaled back by as much as 50 to 70 %.

While the function required to get those kinds of reductions, shifts the burden somewhere else. It remains a holistic process; though, the skill sets are of a completely different kind matched perfectly to the changed process.

inputs and outputs to process, are whats up in the air, not armmegedon.(sp-)...just time doing its thing.

we can not know whether the gross contribution of labor within any holistic food chain will actually grow or shrink, we can't know; because systems tend toward accumulation, while certain components disappear, others are envisioned as necessary, and take their place.

the shape of the emergent holistic image is strictly a relative function whose variables are subject to an unequal distribution of knowledge.
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