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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (5308)	6/9/2000 2:31:00 PM
From: Dan B.	Read Replies (2) \| Respond to of 5676

Re: "<I'd just note that fears of "...millions of people out of work..." may be rampant here, but if you ask me, that just implies productivity gets to such a point that human needs are provided for without a need for much work on our part.> Yes, OUR part is the important section. Us with money..." Abundance brings low prices, so no, the implication was that we(all of us) would scarcely need much money to afford to satisfy all our needs. The "poor" would become much less so. More realistically though, the concern that "millions" of jobs will be lost due to technology advancement is needless(and if we got to the point of nearly free abundance, it would not even be a concern any longer). This fear has been held by many over the centuries of progress, yet it never has held true in the end, as progress marched on. Such pessimistic prophecies are seen to be self defeating, since without jobs and money, a satisfactory market in which to sell wouldn't exist- hence technology advancement would cease as the world spiraled down towards the imagined doom of the masses and/or the poor being without the money to purchase the needs of life. This won't happen. To imagine needs will not be met, is to imagine progress ceases as mankind gives up and quits working, a preposterous notion indeed. In reality, if millions have needs, efforts to meet those needs will be made. If important basic needs can be met more easily and cheaply thanks to technology, that technology will likely be applied, and the ability to pay becomes less and less of a problem. New technologies will displace old jobs from the economy, but new jobs necessarily arise of a nature sufficient to pay for the new solutions. As I say, to imagine otherwise, is to imagine a doom that flies in the face of the true effects of advancement. The very phrase "advanced technology" implies improvement, and that's just what it will offer(and yes, I mean improvement for the "poor" too). Dan B