02-25-2017, 04:33 PM
(02-24-2017, 01:18 PM)X_4AD_84 Wrote: Natural growth among the native born is way negative. Even immigrants don't pound out the bambinos like they used to. How is demand going to grow enough to spark inflation? The Mormons gonna see to it?
As for wage inflation, no way, no how. Even if globalization fails, automation shows no signs of relenting.
The easiest way is to replace human consumption with government consumption. If borrowing is not a problem, and that seems to be true when the GOP is the party spending, then competition for resources will happen much faster than automaton can supply non-human based solutions. I'm assuming that most of the spending will be on military and security, neither of which generates increased productivity or a consumable product.
With so many potential knock-on effects, it's hard to know how this plays-out in the long run.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.
