Snapshot for March 22, The link between productivity growth and living standards Labor productivity is a measure of the amount of goods and services that the average worker produces in an hour of work.
Does a growing economy require a growing population?
Many Free Market economists say that business needs a growing population to be successful. But in reality, money buys things, not people. The number of feet to wear the shoes is irrelevant if they have no money to buy them. Adjusting economic systems for improving population densities Our current economic system only seems to be dependent on an ever-increasing population.
Actually, with increased density, some people benefit while others suffer. A large, expendable work force benefits owners, but it places labor at a disadvantage. High unemployment reduces wages, while high demand for workers increases wages and benefits.
New housing provides jobs for construction workers and gains investors more capital for further development. However, much of the cost of increasing human habitat is borne by those who already live in the area: With a shift in priorities, maintaining and improving existing buildings could provide as many jobs as new construction provides.
Landlords fare better when population increases because higher demand for rental units equals higher rent payments. Tenants benefit from a shrinking population as housing becomes more affordable. Real estate speculators make money from rising property values, which are driven by demand for that property.
Homeowners who wish to stay where they are must pay more in taxes when their homes are worth more on the market. Education may seem dependent on an increasing, or at least a steady flow of new students.
However, providing adequate education over-taxes local economies, and many citizens resist paying. With fewer students, class sizes could improve, and capital expenditures for new schools would shrink.
Existing schools could get their needed repairs and improvements. As with diversification in other businesses, public schools could cater to wider age groups and increase their customer base. Chain letters involving money, and pyramid financial arrangements such as Ponzi schemes, are illegal, since they benefit the first to get involved and collapse when there are no longer enough new people paying in.
Outlawed in the private sector, many government retirement systems unsustainably depend on increasing numbers of wage earners to pay entitlements. Systems dependent on growth eventually fail, as pyramid scams and empires always have. When our population density begins to improve, and sensible adjustments are made, economic systems as a whole will become more sustainable and potentially more just.
Economies Population growth equated to Ponzi scheme. The new demographics that are causing populations to age and to shrink are something to celebrate.
Humanity was once caught in the trap of high fertility and high mortality. Now it has escaped into the freedom of low fertility and low mortality. If used responsibly, products from the industrial and technological revolutions could satisfy our needs without selling our children into wage slavery.
Automation removes more workers from payrolls than birth control does. Unemployment levels reveal that we already have enough potential workers. Increasing employment opportunities and improving wages would increase funds paid to social security.
Social security systems are artificial, so adjustments for changes such as a reduction in the number of potential workers can be made.
In the USA, a pea-and-shell game is being played on taxpayers.
More money is taken in for social security than is shelled out, but the remainder vanishes instead of being invested for future pensioners.
Economics of ageing societies Q: Is conservation the answer to resource depletion?
We save over 50 years of car driving, avoid tons of pollution, and prevent the potential for an additional procreation less than 20 years later. And, if we decide to not make two more of us, we save astronomical doubled. Volunteers who are ready to make even more of a commitment might consider not producing 10 new people: Conservation usually means use it up more slowly.
Many believe that Earth could supply an endless amount of resources.This article is about the important technologies that have historically increased productivity and is intended to serve as the History section of Productivity from which it was moved..
Productivity in general is a ratio of output to input in the production of goods and services. Abstract. Background: A vast number of published studies have suggested a link between job satisfaction levels and health.
The sizes of the relationships reported vary widely. Narrative overviews of this relationship have been published, but no systematic meta-analysis review has been conducted. Living standards in rural areas have improved by empowering communities to design, build and operate small-scale infrastructure and services to meet their highest priority needs.
Based on an inclusive, participatory, and community-driven process, small-scale projects have been implemented across the country. Our country has suffered from rising income inequality and chronically slow growth in the living standards of low- and moderate-income Americans.
These standards are designed to be used internally by each department and integrated into their commercial business. Iteration ii has been drafted to promote practices and procedures that will. The world is experiencing a data revolution. As information technology is rapidly becoming ubiquitous, (internet, mobile phones, electronic modes of payments), tremendous amounts of information are being recorded and stored automatically.