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On Wed, 10 Jul 2024 20:53:19 +0100, Joe <joe@jretrading.com> wrote:
On Wed, 10 Jul 2024 18:22:26 -0000 (UTC)
RJH <patchmoney@gmx.com> wrote:
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Not sure that holds on a number of levels - technology was supposed toThat's one factor, another is the enormous increase in regulations since
result in a 3 day week and prosperity for all when I was growing up in
the 60s.
And I've just come across Jevons paradox while studying retrofit. The
notion that as technology increases efficiency and reduces cost, a
sort of dumb reaction happens, where people tend to consume more -
'leave the heating on - it's an ASHP and hardly using any electricity'
type of thing. Apparently it's quite common in energy efficient homes.
the Sixties. Not only is government much larger, but private businesses
must employ or hire accountants, compliance officers and other lawyers
to keep the directors out of jail. The work force has to a large degree
shifted from productive work to non-productive work.
Starting a business is horrible. You need a zillion registrations and
businesses licenses, local and state and federal. You need a lawyer (at
$500/hour) and an accountant and a business manager, three overhead
people for one working employee. And a Board of Directors and insurance
for them.
Not to mention product liability insurance, UL and FCC and CE
compliance, ITAR and stuff.
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