alstry (35.65)

Production vs. Productivitty

June 28, 2010 – Comments (1)

It seems some fools get confused between production and productivity.....

Production is the amount of output.....

Productivity is the amount of input required for output.

We are now in the Digital Age where productivity of skyrocketing in a system structured for a high employment rate.

What used to take a medical practice 6000 square feet of space and a few employees to manage its patient records, can now be done by simply a hard  drive.  What used to take 100 farmers to till can now be done by one GPS John Deere.

New technological implementations are rapidly decreasing the need for human input to generate production......

the problem is we structured our economy and investments, tax code, and payment system for a high employment rate...........

THE CENTRAL QUESTION IS WHO OWNS PRODUCTION WHEN VERY FEW ARE NEEDED TO PRODUCE?

THE RETIRED....THE PRODUCERS THEMSELVES.....THE GOVERNMENT.....

DO YOU EVEN NEED THAT MANY PEOPLE IN A WORLD THAT DOESN'T REQUIRE AS MANY PEOPLE TO PRODUCE ANYMORE?

These are the questions that now confront us as we proceed into the Digital Age....