The Limits of Human Resources

Global wages continue to rise worldwide, making products and materials continuously cheaper in terms of human labor. The one resource whose price has risen almost continuously throughout history is human time as measured by wages. As we continue to find more ingenious ways of increasing the output of physical resources, their real price continues to decline while the value of human time continues to rise. Only with this framework can one understand why humanity has never run out of any resource - even after many millennia of exploiting the earth.