There is no problem with scarcity — there is a problem with humanity’s social organization and with its institutions. There is no failure in our production of economic values — even now they are being produced to abundance (maybe even over-abundance). The math above shows that, if it could be allowed, this country can afford to pay a wage just shy of $100 to every human being who is willing to work.
It is only the obscenely wealthy whom we stretch and strain to afford…Economic rent.
John Laurits
Under Fully-Automated Communism, Your Wage Is $90 Per Hour (Says Math)
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