Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/5/84; site ssc-vax.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxt!houxm!vax135!cornell!uw-beaver!ssc-vax!eder
From: eder@ssc-vax.UUCP (Dani Eder)
Newsgroups: net.politics.theory
Subject: Re: Widgets Redux (part 2)
Message-ID: <541@ssc-vax.UUCP>
Date: Wed, 20-Mar-85 19:13:07 EST
Article-I.D.: ssc-vax.541
Posted: Wed Mar 20 19:13:07 1985
Date-Received: Fri, 22-Mar-85 03:14:58 EST
References: <377@enmasse.UUCP>
Distribution: net
Organization: Boeing Aerospace Co., Seattle, WA
Lines: 41

I got interrupted while composing my reply.  It finishes in this note.

> 
> 	j-S was no fool. Some of his loot was spent to buy the only t.v.
> 	station in town, and some went to support widget artists, and
> 	some went to make some improvements in the life of the
> 	community, for j-S was a benign despot. 

In my previous note, I showed that under reasonable assumptions,
15% of the former widget artisans would be employed by j-S's company,
United Widgets.  They would have an average salary 2.4 times the
handcraft artisan's.  I assumed that 10% of the artisans still
made widgets the old fashioned way, to supply the demand for handmade,
high quality widgets.  Their economic situation had not changed
at all.  If the higher earnings of the company employees and the
amount less widget consumers spent went to the other 75% of former
widget makers, it would amount to 81.3% of their former income.
This happens if the former widget makers go into the service
industries or make different products (i.e. thingamabobs).
j-S's profit amounts to 37.2% of the original widget sales.
  If one third of this is spent on the TV station, the arts,
and community improvements, then the standard of living is distributed
as follows:  75% of the widget makers are now doing other
things at an average of 98% of their former standard of living.
10% of the widget makers are still making widgets at 100% of
their former standard of living.  15% of the widget makers
work for United Widgets in various capacities at 240% of their
former standard of living.  j-S enjoys his life in the tropics.

> 
> 	And j-S lay back in the sand, exhausted from a long day of
> 	fornication and drug abuse, and smiled at how good life was.
> 	And in Libertaria, life just went on.
> -- 
> 						Mark Roddy
> 						Net working,
> 						Just reading the news.
> 
> 					(harvard!talcott!panda!enmasse!mroddy)

Dani Eder/ Boeing Widget Company /ssc-vax!eder