This is another treatise on the issues related to labor & capital trade-offs as they apply in the current global environent.  I wrote this back in November and forgot to send it then.  The content of this note though focused on a different issue, is similar in its conclusions to the note I sent earlier today on the ...

I have occasionally discussed the ultimate likely effect of automation and robotics on society.  There are also, I'm told,  some 'sci-fi' stories that play on the same theme.  The context of the effects relates to the relative positions of capital and labor.

 

Consider that ...