This chart shows the miracle of the real “green revolution” – which was the spectacular rise in farm productivity.
We now produce ten times more food, with one-tenth as many workers, one-third as much land, and at one-quarter of the cost. (It’s incredible how many science experts predicted 50 years ago that we were running out of food and farmland! They are now ringing the bell about catastrophic climate change.)
This same revolution has just begun in industrial production thanks to robotics, 3D imaging, automated vehicles, and other incredible technological advances. One of our UP members has started a company that “employs” robots to build new homes at one-third the cost.
To our friends in the Trump admin: Don’t obsess about saving 20th-century factory jobs. Most will be gone in 20 years or less.