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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (11392)	11/26/2001 11:28:39 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

>>owners and managers of capital don't want to employ workers because they cause trouble<< Huh?! They want to maximize ROI, so, if anything, workers are as much a cost factor("we can always give to charity") as their technological alternative ("you sure it will work?") >>That's why economic growth is required << Is that the only way?...

To: Moominoid who wrote (11392)	11/27/2001 3:41:03 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

<That's why economic growth is required to keep up employment and wages in face of the inexorable reduction in the demand for labor. > But actually David, there has been an inexorable increase in the demand for labour. 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. The people with the money pay those who want it to do something that the people with money want done. It's all a matter of price. I have a LOT of things I want done, but because the price is too high, I make do with how things are, unsatisfactory though that is. The 'everyone will be out of work and have no income' eternal worry has never come to pass. The Luddites didn't like modern weaving methods. Today, the same old worries continue. Mqurice