The Factory of the Future

I had an opportunity to listen to a keynote speech by Barry Asmus the Sr. Economist with the National Center for Policy Analysis. Discussing the irrelevance of job creation in economic growth he stated “Just toss away all the bulldozers and trucks; and have everyone pick up a shovel. Full employment would not necessarily increase our productivity.” He indicated the factory of the future would be run by only two employees, a man and a dog. The man’s job will be to feed the dog. The dog’s job will be to make sure the man does not touch the machines. Something to think about?