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03-30-2009, 12:58 AM #18
Senior Member
Does raising minimum wage cause inflation?
Mass production needs skilled technicians to repair and replace the machines that truly produce. The future is automation, with very few people involved in the production process, with many people involved in the R&D, marketing, transportation, etc....
Originally Posted by JaggedEdge
The phase from 2nd to 3rd phase economies (mass production -> mass information/mass customization) is currently under way.
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