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What is coming down the economic track

By Staff | Jan 11, 2017

To the editor:

The labor content of goods and services has been in a steady decline since 1589 – owing to a relentless wider and wider application of increasingly intense and powerful industrial and commercial production technologies. This phenomenon has been termed, “The Industrial Revolution.” . There is no end to it in sight.

Then, to boot, there is the spectre of a continued explosion in the application of automation.

Our current economic difficulties stem less from the effects of this ongoing Industrial Revolution but rather from the outsourcing of goods and services in the chase for the last possible penny of profit. . But the last nail will certainly be driven by automation.

Indeed, we have not seen anything, yet! Check “Amazon Warehousing.”

Now, corner your local GoPer-person and ask him/her to kindly explain how GoPerism plans to cope with this situation in the long-term :

Namely, enterprises continue to reduce all labor content in a futile effort to enable themselves to survive at the expense of their competitors. This leads to a growing capacity for continued production in the face of the ever- diminishing demand for its products – this dissonance stemming from the growing numbers of unemployed penniless consumers here and elsewhere unable to consume these products anymore.

Expect ear-splitting, uninterrupted silence, accompanied by a prodigious fit of vigorous squirming – and how!!

Their “philosophy” of unrestrained greed is doomed.

We wisely place our technologies in the hands of thoughtful, skilled engineers, but then we irresponsibly drop the ball and let our economy and our politics be managed by clueless, bumbling politicians.

Allen N. Wollscheidt

Cape Coral