Thursday, August 22, 2013

There Can Be Only One!


Click to enlarge.

September 25, 2007
Automation and Inequality

If one was to keep extrapolating this trend to its logical conclusion, at some point there will be just one farmer. He'll have all the wages and will simply press the "harvest" button on his desk.



Source Data:
BLS: Occupational Employment Statistics
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2 comments:

  1. Mr SlipperyAugust 22, 2013 at 8:08 PM

    One farmer, who will anxiously await the monthly non-manufacturing payroll report (NMP)!

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  2. Stagflationary MarkAugust 22, 2013 at 8:22 PM

    Mr Slippery,

    No doubt! That report is the single most motivating factor in pressing the harvest button!

    Need to see that the average workweek for all one employee(s) held steady at 0.1 hours!

    ReplyDelete