What is the endgame as far as Employment? That is the essence of this article. History works against Us, for no economic system ever devised has ever failed to produce more hands than Occupations for those hands. Production will always produce the Knowledgeable who can cut employment to the absolute bottom-line minimum necessary. The only Salvation from has been the expansion of the series of Goods utilized by the economy in question. I will say to Those who cannot understand my poor phrasing that We need new industry to expand the economy by additional Consumer desires. Here We get back to the traditional question: What do you get for Someone who has everything?–our current Consumer.
Technology is trying to do its part in generating new desire, but the Consumer seems somewhat sufficed in electronic equipment; at least where a healthy dose of expenditure is required. We are always faced with the constraint of what the Consumer will purchase. A common venue has always been to incite the Public to pay the Cost, though there is continual complaint from Taxpayers; this often leading to imaginary payment systems–leading to long-run financial failures. The entire context limited by total Consumer Demand which must pay for both desire and Tax; said Demand limited by original Production in the first place.
The Equation so poorly stated means that new Product must be both relatively cheap towards the initial Income levels, and widely desired by all constituent elements in the Production network. A Case in Point is easily shown: the widespread use of the Computer after the development of Windows software; notice the high desire with relatively low Cost. The trouble begs issue that We need as widely a desired Product once more of equal relative Cost. Here is the Rub! I would attack the issue from the point of desirable rations. I am thinking about 1-lb. Servings of Stews and Casseroles within its own microwave plate heavy in all the food necessities for good health. It would require vastly increased Garden supplies, and should be reduced in Cost to less than $2 per plate. It should need only refrigeration, and equal in Taste properly granted to Mother’s home cooking. It is doubtful, nevertheless, that the Grocery industry will allow such free invasion of their base with communal Cooking facilities. This leaves Us with the necessity of outlining another Product of equal potential Demand and low relative Cost. lgl