03-27-2019, 12:28 PM
Diana,
I appreciate your thoughts on this thread. You mentioned my statement on the amount of wealth generated, so I'd like to share something from the past with all of you. Before I had entered middle school, during the early Kennedy era, I had a teacher that said something to the class I never forgot. We were studying basic economics at the time. It went something like this:
"In your future, because of the the rapidly advancing technology of machinery, manufacturing will be so efficient that you will only have to work perhaps one hour a day at a job. The rest of your time can be spent in leisurely activities".
I kid you not. She got the first part right. Today's processes are extremely efficient, and all what she said would have come to pass if...
Well, we all know what happened. Only two decades later, the mantra became "Greed is Good". I'm sure you recognize the phrase from the legendary '80's movie. ;-)
All of the wealth from that efficiency was simply "funneled upward", while not only Dad had to go to work for 8 hrs. plus, but Mom also to find a job to make ends meet. Previously, Dad's income was enough by itself and the family was still able to go on a good yearly vacation. Now, the kids "boomerang" and wind up back home, in spite of having college degrees. Yes, I know, a bit of exaggeration but it's not too far from the truth.
Oh, one more "prediction" from yester-years teachers: "In your future, electricity will be so cheap to generate, it'll be not worth the effort to meter". I kid you not.
p.s. That's a cool new pic with the deer "photobombing" you. :-)
I appreciate your thoughts on this thread. You mentioned my statement on the amount of wealth generated, so I'd like to share something from the past with all of you. Before I had entered middle school, during the early Kennedy era, I had a teacher that said something to the class I never forgot. We were studying basic economics at the time. It went something like this:
"In your future, because of the the rapidly advancing technology of machinery, manufacturing will be so efficient that you will only have to work perhaps one hour a day at a job. The rest of your time can be spent in leisurely activities".
I kid you not. She got the first part right. Today's processes are extremely efficient, and all what she said would have come to pass if...
Well, we all know what happened. Only two decades later, the mantra became "Greed is Good". I'm sure you recognize the phrase from the legendary '80's movie. ;-)
All of the wealth from that efficiency was simply "funneled upward", while not only Dad had to go to work for 8 hrs. plus, but Mom also to find a job to make ends meet. Previously, Dad's income was enough by itself and the family was still able to go on a good yearly vacation. Now, the kids "boomerang" and wind up back home, in spite of having college degrees. Yes, I know, a bit of exaggeration but it's not too far from the truth.
Oh, one more "prediction" from yester-years teachers: "In your future, electricity will be so cheap to generate, it'll be not worth the effort to meter". I kid you not.
p.s. That's a cool new pic with the deer "photobombing" you. :-)
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