🚀 go-pugleaf

"Tim Worstall" <tcw@2xtreme.net> wrote in message
news:825e2890.0208160119.78b1a390@posting.google.com...
> "Michael L. Coburn" <mikcob@gte.net> wrote in message
news:<ulirvj39gvks00@corp.supernews.com>...
> > Jim Blair wrote:
> >
> > > VOR <vorcycles@worldnet.att.net> wrote:
> > >
> > >>The employment in the manufacturing sector of the U.S. economy is now
> > >>approaching levels not seen in 40 years!!! Take a look at the chart
> > >>analysis for the U.S. manufacturing employment, unemployment rate,
> > >>capacity utilization, and housing starts at
> > >>
> > >>  http://www.mktcycles.com/econdata.htm
> > >
> > > Hi,
> > >
> > > So manufacturing employment is dropping but industrial production is
> > > rising?  Note that productivity is also rising (and unemployment
> > > dropping).
> > >
> > > It is taking ever fewer people to make ever more goods?  That is GOOD.
> >
> > More Republican tap dancing.  If wages do not keep pace with the value
> > of monopoly rights (land, money, patents, etc)
>
> Just a thought. Patents last for 17 years. At the end of that period
> they are worth nothing.
> Whether you use straight line depreciation, or more complex methods,
> that is a matter for GAAP.
> But, and here�s the point, on average a patent is losing 5.8 % of its
> value each year.
> I�d say most wages in the US economy outperform that.
>
> Tim Worstall

The idea of a patent is to go 'round tricking people into patent violations
so that you can sue them for the profits from their own hard work.