One view of the economy is that all people should be gainfully employed, doing something productive to help out, in order to obtain a living for themselves and their dependents. I do not mean to imply that this notion is altogether wrong, but I wish to supply reasons why I do not believe it is the best way to view the situation. Consider a simple example. 100 families live in a village. Each family runs a farm to produce food for itself. Then new technology is invented. Tractors make it so that one farmer can produce all of the food the entire village needs. That one farmer can produce all of the food and all the other famers can benefit from it without doing any work at all. The same level of production is achieved with a much lower cost of human labor. The way our economy currently works, the other 99 families would then attempt to gain employment by some other means to earn enough money to pay for the food from the 1 farmer. Thi...
Life is what you make of it.