“Two figures drive the point home. In the long term, productivity (i.e. output per hour of work) increases at about 2 percent per annum, meaning that each 35 years we could cut the work week by half while producing as much as we were at the beginning. A number of OECD (The Organisation for Economic Co-operation and Development). . . countries could actually have cut from a five-day work week to around a one-day work week in the last 25 years while maintaining their output at the same level. In this economy we must therefore double the annual amount we consume per person every 35 years just to prevent unemployment from rising and to avoid reduction in outlets available to OASK up investable capital. Second, according to the US Bureau for Mines, the amount of capital per person available for investment in the United States will increase at 3.6 percent per annum (i.e. will double in 20-year intervals). This indicates that unless Americans double the volume of goods and services they consume every 20 years, their economy will be in serious difficulties. Hence the ceaseless and increasing pressure to find more business opportunities." - Ted Trainer, "What is Development", p 57-90, Society and Nature, Issue No. 7, p.49
