So, do you believe that we will simply be changing the percentages of each of these categories for the next million years? Let’s see if this is at all possible. Some of these categories clearly depend on population. For example, the expansion of hairdressing and barbering has to come to a complete stop when population no longer grows. Likewise there is a maximum ratio of doctors, nurses, lawyers, masseurs, and social workers to patients and clients. These professions can experience no growth the day that we attain ZPG. The most ominous category is sales because it currently employs over 10% of the workforce. Sales are certain to grind to a stop when the population reaches a zenith and goods and services enter a flat demand regime. In fact, sales are already declining as a percentage of total GDP as I write. The relativistic economist replies that the new breeds will be absorbed in the other categories.
Posted on: Tue, 09 Jul 2013 09:48:41 +0000