3 ms·
How would life extension affect GDP? I feel that it would accelerate growth since older, more experienced people would be more productive.
by deegles 11y ago
How would life extension affect GDP? I feel that it would accelerate growth since older, more experienced people would be more productive.
- shinryuu 11y agoIt might also affect GDP in a negative way since more people lives on and maintain status quo.
- marcosdumay 11y agoIf people feel richer while consuming less stuff, that forces the GDP to go down. As specific example, if somebody gets a cure for cancer tomorrow, and it's cheap and available for everybody, it'll make the entire expensive cancer treatments go away, and won't add to as much spending. Also, people that saved money this way may choose to work less, instead of consuming something else. End result, human wealth has an incredible growth, while the GDP goes down. Do the same to all areas of medicine, and you're still only touching the surface of biotech's potential.