Wealth Accumulating to the Few

Wealth Accumulating to the Few

by Dr. Jon Schiller PhD
     
 

Your author decided to write this book about Wealth Accumulates to the Few when chatting with my son about how he felt after having been laid off from designing the software for the Mars Lander. His response was it caused him to think about social matters while working on a new Space Vehicle as a software consultant. He pointed out the following:
During the…  See more details below

Overview

Your author decided to write this book about Wealth Accumulates to the Few when chatting with my son about how he felt after having been laid off from designing the software for the Mars Lander. His response was it caused him to think about social matters while working on a new Space Vehicle as a software consultant. He pointed out the following:
During the Industrial Revolution, there has been more and more automation that has meant fewer and fewer human workers were required to produce the goods needed. He also reminded me that the rapid advancements in technology have made the goods needed grow obsolete at a more and more rapid pace. For example, travelers no longer use horse drawn carriages - they use automobiles that travel on the freeways at 75 mph instead of a carriage at 15 or 20 mph.
Fewer and fewer people are buying Laptop computers since they can obtain more functions on a Smart Phone for a fraction of the price. In Detroit the automobile factories are almost deserted of human workers since the same jobs can be done better and cheaper by robots.
So what is this doing? It is causing the Economic Wealth to accumulate to those few who were able to get in on the profit of one of these activities that generate huge profits. More profit - fewer people to share in the profit - therefore the wealth accumulates to that few.

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Product Details

ISBN-13:
9781493754618
Publisher:
CreateSpace Publishing
Publication date:
11/13/2013
Pages:
158
Product dimensions:
6.00(w) x 9.00(h) x 0.41(d)

Meet the Author

Jon Schiller received the BS in Physics from the California Institute of Technology (Caltech) and the MS and PhD from the University of Southern California (USC). As an executive of an aerospace corporation he designed guidance and control systems for aircraft and missiles. After retiring he became active writing documentary books using research from the Internet in addition to creating books about options trading strategies which used his mathematical skills.

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