Earlier quoted context omitted.
It's not so much a question of evidence as basic math. Imagine a society with 100 people. A working adult can create 50 widgets per year, and there's 15 kids and 5 retirees. The economy produce 80 * 50 = 4000 widgets per year, which gives a per capita income of 40 widgets. You can have whatever tax, welfare, or income redistribution policies you like, but there's only 4000 widgets to go around. Great. Now let's say 5…
That basic math illustrates things nicely but hides the real picture. There's about 2 million people working in agriculture and 1 million working in mining in the US: http://www.bls.gov/emp/ep_table_201.htm And about 5 million working in the energy industry: http://energy.gov/articles/doe-releases-first-annual-nationa... Our widgets are built by machines. This too is a facile picture of the situation, but our materia…
Except: Productivity growth has historically never been high enough to bail us out of the hole we're in, and it has been trending down in recent years for reasons we don't fully understand.
> our material abundance isn't particularly under threat from contraction of the work force.
I wish!