Ignoramus5113 wrote:

On 2012-11-07, Gunner wrote:
On Tue, 06 Nov 2012 15:37:21 -0600, Ignoramus5113
wrote:

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.


So the easy solution is to have everyone shining everyone elses shoes.

Well, if, say, there is a super brilliant CNC machine that makes all
goods without any labor input, then, yes, we can have an economy where
95% of people earn a living by providing services.


Who is going to build the parts for that machine & maintain it? Who
is going to write all the code for every thing it can make? The more
complex the system, the more it takes to maintain. Even if it were
possible, there would still be too many people chasing too few paying
jobs.