The Rules of Economics

[Ice29]

These are the rules of Economics, rules that have never been successfully challenged, because its simply how economics works naturally.


1. There is no such a thing as a free lunch.
2. You get what you pay for.
3. Artificially Free Lunches still cost money, they are still lunches at FULL price, through taxes, and The more artificially free lunches you create, the less people will do to earn their own lunch at a cost.

4. The more you can do, the better off economically that you will be.

It doesn't matter what else you've got, Body Size, Muscles, Unions, Associations, Politicians, Laws whatever..
The best way to do economically better for yourself is always to get an education, because the more you know, the more you can do and the less subjected to Authority that you are.

5. Self Employment is always higher paying, always provides more relative freedom, more job security and better days at work.

6. Competition always provides the incentive to do better, because its a game of cat and mouse.

7. Businesses exist to be efficient.
The better technology they have, The more product they can generate, the less staff they have, the lower the labor costs, the lower of a price they can charge, the higher of a demand they can satisfy, the more profit they generate, the more efficient it is.
And it exists to be efficient, because they are created for the benefit of the Owner.

 

[David]

There's only 1 rule, people cost money. ALL overhead is payroll + the profit the last guy in the supply chain demanded. The more people you eliminate (assuming no loss in productivity) the cheaper stuff gets. Eliminate enough workers and stuff either becomes super cheap as the price is pure profit or free. Once that happens, S/D goes out the window and it becomes a matter of logistics.

Everything you named was considered pre-automation when getting rid of the payroll wasn't an option (even slaves need food and shelter). Going by current economic trends, in 200 years getting something will only require that it exists and time to ship it. Nothing you said will be relevant.

 

[Ice29]

There's only 1 rule, people cost money. ALL overhead is payroll + the profit the last guy in the supply chain demanded. The more people you eliminate (assuming no loss in productivity) the cheaper stuff gets. Eliminate enough workers and stuff either becomes super cheap as the price is pure profit or free. Once that happens, S/D goes out the window and it becomes a matter of logistics.

Everything you named was considered pre-automation when getting rid of the payroll wasn't an option (even slaves need food and shelter). Going by current economic trends, in 200 years getting something will only require that it exists and time to ship it. Nothing you said will be relevant.

Also the less people they have to hire to do manufacturing, the more of an education people can seek to receive for themselves.
So there are benefits that way as well.

 

[David]

Also the less people they have to hire to do manufacturing, the more of an education people can seek to receive for themselves.
So there are benefits that way as well.

Yes.

 

[Ice29]

Yes.

People do a better job at getting an education when they're in a better mood and in better health.
A more natural environment is far better for that.

Why would somebody that lives in a cramped space and a polluted and overpopulated environment who isn't in a good mood or in excellent mental health because of it get an education to do better for himself ?
It doesn't work like that.