Tuesday 22 May 2012

Definition of the Georgian threshold

The Georgian threshold is the point at which a person is able to derive a greater income from their rental assets than their cost of living. At this point they no longer have a need to work in the sense of attaining an income from other sources. At this point they are able to live without doing anything other than to collect the rent. They are economically inactive as a producer apart from their being able to lease assets.

If the Georgian threshold for an individual is positive they are able to live without working in the traditional sense. They are able to survive on their rental income alone.

Saturday 5 May 2012

The only job safe from technology is farming

Farming is the only job safe from technology because we are able to produce our own food. If we can produce our own food we can survive without external employment. If we are not a farmer we are vulnerable to technology.