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Finally, it’s easy to see how a shift in income from labor to capital would lead to a similar reduction in overall demand. Capitalists tend to save more of each marginal dollar than laborers. In the short run, a transfer from laborers to capitalists reduces total consumption, and thus total GDP. This phenomenon is…
The third explanation for America’s current job creation problems flips the stagnation argument on its head, seeing not too little recent technological progress, but instead too much. We’ll call this the “end of work” argument, after Jeremy Rifkin’s 1995 book of the same title. In it, Rifkin laid out a bold and…
In Florence, while the guest of the Grand Duke, Davy performed an impressive carbon-based experiment which proved that the most apparently precious of objects — the diamond — could also be the product of nature’s simplest processes. With the Duke’s permission, he commandeered the huge solar magnifying lens at the…
I hear all this, you know, “Well, this is class warfare, this is whatever.”—No! There is nobody in this country who got rich on his own. Nobody. You built a factory out there—good for you! But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid…
When we come to inspect the watch, we perceive . . . that its several parts are framed and put together for a purpose, e.g. that they are so formed and adjusted as to produce motion, and that motion so regulated as to point out the hour of the day; that, if the different parts had been differently shaped from what…
Does that mean exercise should be a part of human pregnancies? Evidence suggests the answer is yes. The first benefit is a practical one, having to do with labor. Many women report that giving birth is both the most exhilarating experience of their lives and the most painful. But women who exercise regularly have a…
By the standard of other substances, the properties of ice are bizarre, yet ice is so perfectly suited to our purpose that if it didn't exist we should have to invent it. With few exceptions, the solid phase of matter is more dense than the liquid phase; water. alone among common substances, violates the rule. As…
Now, back to the family cat or dog in labor. By quietly, even sneakily, approaching we observe additional factors involved. 1. The need for darkness and solitude. Bright lights are indeed disturbing. My attempts to take photographs of dogs and cats have been foiled by the indignant laboring mothers retreating to dark…
Your wife can be shown the principles of relaxation and she can be taught the consciousness of her muscles' state of tension in prenatal classes under the supervision of experienced teachers. Being a human animal, however, she needs to practice these principles at home daily in order to perfect them. This you can help…
You know the old story about the telephone and the telephone operators? The story is. sometime fairly early in the adoption of the telephone, when it was clear that use of the telephone was just expanding at an incredible rate, more and more people were having to be hired to work as operators because we didn't have…