Virgin announces it is going to save fuel by having its jumbos towed to the runway. I guess in a world where human resources were costly (and getting costlier) time saved is money saved. The costs of having jets come up to terminals on their own thirsty engines rather than wait to be towed or have people come there was measurable in terms of time saved.In a world where human resources are going to get cheaper as the Indian and Chinese labour forces come on the market, perhaps the balance between human service time saved and commodities saved is probably going to tip in favour of commodities. Perhaps the time value of money will grow less important as well. This is because whereas human work is time based, most other inputs (other than say food which is perishable) into the manufacturing process are not. Even just in time manufacturing services markets that are based on human daily cycles. What happens when labour as a component of production gets severely devalued? Commodities and their expenditure will become the deciding factor. The emphasis will shift from saving people's time to saving people's money.
Will all this actually happen? Maybe. The revaluing of commodities continues and human input becomes less valuable.
1 comment:
Hmmm, maybe true for Labour forces and manufacturing services, but does the same go for (dare I say it) creative energy? And what then when creative energy is channeled into different links of the value chain from product to consumer.
When Branson starts Having his jets pushed by gangs of workers, I'll accept that human input, at the basal end of the value chain, has become less valueable.
hilsen
Morrisen
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