Amazingly, India required a labor force 26 times larger than California’s (and larger than the entire US population) to produce roughly the same economic output last year! That’s a testament to the superior, world-class productivity of the American worker.
If Perry understood capitalism, he would know this: the productivity is owning to capital and not to the worker. It is the machine or the tool that makes the worker more productive. The worker can not be more productive on her or his own. Every worker is constrained by one body and one mind.
Yet with the right capital, the worker becomes as if she or he is ten workers or twenty workers. The capital amplifies the worker. The worker does not amplify the capital.
A port crane operator can unload a ship at port by herself or himself today. Yet many decades ago, hundreds of men would have been needed to do the same work.
Gab It
