And for modern society:
Microsoft says it will cut up to 18,000 jobs next year to “streamline” its business. Microsoft now employs 125,000 people.
In an era of increasing technological advances, the logical endpoint is a few humongous companies raking in hundreds of billions a year with a handful of employees. When more and more can be done by fewer and fewer, the profits will go to an ever-smaller circle of executives and investors.
But the rest of us won’t be able to afford to buy what these companies produce because we’ll either be unemployed or serving the wealthy in menial jobs paying almost nothing. The old economic model was mass production by many, mass consumption by many.
Will the new one have to be production by a few, redistribution to the many?
Actually, originally, when the clear path forward for humankind and history was seen as the industrialization of the world, of work, of our society and our lives, it was assumed that we would, as a people, as a group, as nations, have fewer and fewer people work but still get a living wage.
Absolutely true. There were books written on it, pointing the way.
It was the only thing, they thought, at the time that made any sense.
How foolish and naive we were.