Employment Participation Rate: The Inexorably Absurd Trend of Present Economic Orthodoxy

Employment participation rates have steadily declined since the Dot com bubble in 2000. Competitive profit making systems, Artificial Intelligence specifically and innovation generally have internal logics of efficiency. Competitive profit making systems, efficiency of cost, most easily of labor costs, innovation, efficiency of human effort and most recently and most disruptively Artificial Intelligence, efficiency of human input at all. Considering this and the fact that businesses are not going to get rid of any of these forces, anyone who is holding on to the belief that macro-economically the economy will create even the levels of past inadequacy of individual income let alone more in the future as the age of Artificial Intelligence truly kicks in…is deluding themselves. If one cannot or will not bring themselves to acceptance of the Social Credit insight…it does not matter. Technologically advanced profit making economies will force the necessity of the policies of Social Credit anyway.

Economic theorists and pundits: Deal with it. Even if you have to do it by saying you knew it all along despite having bitched at, resisted and invalidated those who steadfastly advocated the broader, deeper and more inclusive philosophy and policies of Social Credit for long and long. Once there is an economy based primarily on the concepts of Grace/graciousness and equally aligned with gracious policies everyone will be much more able to just forgive and forget anyway. No big deal.