8 2. FROM AN UNSUSTAINABLE TO A SUSTAINABLE PROGRESS OF MOORE’S LAW
sumer purchasing power of the overall economy, thereby minimizing huge economic disparity.
Although the gap between minimum necessities deciding the standard of living of citizens and
the maximum amenities that are provided to meritorious people will remain unbridged forever,
this gap should not exceed the certain limits that have resulted in recessions and depressions in
the global economy. In this way, a productive use of technology would increase the consumer pur-
chasing power such that wages will keep track with productivity, thereby sustaining the progress
of Moore’s Law through growth in consumer purchasing power. One example of productive use
of technology over an unproductive use of the same can be explained based on unemployment
created due to automation.
Today, many modern economic thinkers blame automation, based on technological
progress, as a major cause of job losses. However, technology could be productively utilized in
such a way that the manufacturing sector could cut back on work hours while paying workers a
high wage due to their high productivity. is is because automation enables a worker to be highly
productive through the use of machines to manufacture products. High worker productivity sig-
nificantly increases the supply of goods to the economy. As a result of this increased productivity,
workers would be able to work for a fewer number of hours to achieve their production target.
ey could use their spare time to pursue higher education, leisure, hobbies, vocational training,
etc. In this way it is also possible to minimize, if not eliminate, the problem of high unemployment
resulting from automation, while still keeping the supply of goods proportionate to consumer de-
mand, thereby maintaining an economic balance. is is how productive utilization of technology
would not lead to a problem of unemployment.
2.4 CONCLUSION
e progress of Moore’s Law since its inception has been the evolution of supply-side economics.
However, this has resulted in not only an increase in the supply of goods to the economy, but
has also resulted in a very poor consumer demand for these goods. For a sustainable progress of
Moore’s Law, not only the supply but also the demand has to increase proportionally, leading to
balanced economic growth.
2.5 REFERENCES
[1] Batra, Ravi, “Reagan: e Great American Socialist,” Truthout.org. March 20,
2009. http://www.truth-out.org/archive/item/83147:reagan-the-great-
american-socialist
[2] Hruska, Joel, “is is what the death of Moore’s Law looks like: EUV rollout slowed,
450 mm wafers halted, and an uncertain path beyond 14 nm,” ExtremeTech., March
17, 2014. http://www.extremetech.com/computing/178529-this-is-what-the-
death-of-moores-law-looks-like-euv-paused-indefinitely-450mm-wafers-
halted-and-no-path-beyond-14nm
2.5. REFERENCES 9
[3] Mulay, Apek, Mass Capitalism: A Blueprint for Economic Revival, Book Publishers Net-
work. Bothell, WA, 2014.
[4] Sarkar, P. R, PROUT in a Nutshell, Ananda Marga Publications, Kolkata, India. 1959.
[5] Wikipedia, “Supply-side economics.” http://en.wikipedia.org/wiki/Supply-side
_economics
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