Wednesday, April 8, 2015

"93.2 million Americans are not working."

"The presence of so many people on the sidelines shows the lack of demand for workers and an oversupply of labor.

Quantitative easing from the Federal Reserve and other central banks have failed to solve the problem.

...the most effective solution is grim, devastating and immoral.

...The fix may be World War 3.

If a few billion people disappeared, it would clear out the oversupply of labor...

Basic economics and history.

When the Black Plague wiped out a third of the European population in the 14th century, wages increased.

During the population boom just prior, wages had been falling, showing an inverse relationship between labor supply and wages.

Once the oversupply of labor was cleared out, the survivors enjoyed a higher quality of life.

Without some form of government intervention that artificially raises wages and prevents the rich from exploiting the poor, there will eventually be violence.

That violence will clear out the oversupply of labor and fix the problem in an evolutionary way.

With so many advances in medical science, mass death as a result of an epidemic seems less likely.

War will probably be the cause."