3 ms·
> If a worker in 2016 can build a car in a-fourth the time it took a worker in 1935 to build a car... If the car is 1/4 the price[0], that's a wash on the inco
by robotresearcher 10y ago
> If a worker in 2016 can build a car in a-fourth the time it took a worker in 1935 to build a car...
If the car is 1/4 the price[0], that's a wash on the income of the worker. A huge benefit to society, but a wash for that guy.
[0] in real terms, i.e. normalized to cost of living