On 3/9/2016 8:32 AM, Dean Hoffman wrote:
This is from the Carpe Diem site written by Mark J.
Perry. Manufacturing workers can now buy 11 appliances
with 152 hours of labor what used to cost them 886 hours
of labor back in 1959.
http://alturl.com/a7gqu or
http://www.aei.org/publication/monday-evening-links-6/
Could say the same about most products made by increased automation or
robots. Should apply to cars too.
Products that have become increasingly expensive like medicine and
education not only rely on the same number of workers but even piling on
more workers. Both should be amenable to automation like computers for
teaching and medical devices for diagnostics.