By P. Lemieux
The objective shouldn't be to create jobs, yet to allow humans earn source of revenue which will devour what they want.
Read or Download Who Needs Jobs?: Spreading Poverty or Increasing Welfare PDF
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Additional resources for Who Needs Jobs?: Spreading Poverty or Increasing Welfare
If consumers want more telephone landlines, more landlines will be produced; if they want more smartphones, resources will be allocated to smartphones instead. Since individuals are consumers first, and producers only in order to consume, it comes as no surprise that people are generally better off in a market economy than in a planned economy. In work choices as in other choices, an individual’s capacity to satisfy his preferences depends on how his constraints limit the domain of his choices.
Most people prove by their choices that they want to consume as much as they can for as low a cost as possible in terms of work effort. Technology is neither good nor bad in itself: it depends on whether individuals want it or not. But aren’t those who choose to consume technology goods imposing their choices on others? Don’t people who prefer to live in civilized society impose their preferences on those who would rather have a primitive society? ” It is easier to embrace “voluntary poverty” in a rich society than to play dandy in a communal hut.
So it remains true that anything produced by our original producers (the ones who saved part of their incomes) gives rise to an equivalent production of goods and services either for consumption or for investment. Savings are nothing but future consumption. People do not save as a way to destroy their incomes, which would amount to producing for nothing but the pleasure of toiling away. Savings are a sacrifice of current consumption for the sake of future consumption. Ultimately, everything is consumption, and every work effort results in consumption, which is not surprising, since consumption is the purpose for which people work.