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Monthly Cash by Don Soards

Monthly Cash

by Don Soards

46 pages
For hundreds of years replacing human labor with machines raised our standard of living. As automation continues to put people out of work we will produce less because we have too few customers to buy all the robots’ outputs. Sounds grim. However, there is a way for people to prosper.

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Category: Business:Personal Finance and Investing
About the Book
We were in a “seller’s market” in which the goal was to “build a better mousetrap and the world will beat a path to your door.” As we eliminated more workers, we had fewer consumers and recently entered into a buyer’s market. In today’s buyer’s market, we have too few dollars chasing too many goods. As automation continues to put people out of work we will produce less and less because we have too few customers to buy all the robots’ outputs. If the robots can’t sell product, they will quit making it. Sounds grim. However, there is a way for people to prosper.

 

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About the Author
Mr. Soards is a retired civil engineer who tutors math, economics, and science courses at a community college. Many of his students are despondent about the chance of finding a job once they graduate. This motivated him to find a solution to our national problem of automation reducing the number of good paying jobs. Using the same techniques he tutors his students with, he explains a simple, elegant solution to this problem without raising taxes.

 

 

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