Just a theory in my head--
This society needs a certain number of its inhabitants to be impoverished and illiterate. For only then people would aspire to own wealth ( this would in tuurn lead to wealth creation and asset creation in the long run) as well as sustained food production to feed the impoverished classes. It would also mean a steady supply of manpower at low cost ,leading to sustained production of goods in the economy.
In contrast with this idea - if the society was well nourished and literate,then food production would go down as demand would be there for conspicious consumption only .Supply of cheap labor would be reduced ( another reason for decline in food produce as nobody would want to work in this sector) .Jobs would have to be white collared in nature and if the economy has to sustain it would have to bring in migrants from other regions.
Example - European countries need immigrants to do the blue collared jobs and why our own state of Kerala.Cent per cent literacy means nobody to work in agriculture ( the available labor demands high wages). Labor is expensive and every body wants a house and gold and migranst are more in the state to do the low jobs..
Think about it...
Monday, June 23, 2008
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