On 2012-11-06, Karl Townsend wrote:
...
This fundamental issue is also combining with automation to further
erode the ability of a country's economy to gainfully employ the
majority of it's population. When the production of all the products and
services required by 100% of the population only requires 20% of the
population's labor you have another serious problem that has no easy
solution.

The easy solution is called a service economy. Nobody said that
"production" is the only real economic activity.

There was a famous fella in the late 1800s that wrote about the
destiny of civilization when production is increased to the Nth
degree. His name, Karl Marx.

I no longer recall what, if anything, Karl Marx wrote about that sort
of thing.

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