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We laud(ed) this largely because most are consumers and are enjoying a nice consumer surplus from the development. Also for some workers, it's been a nice way
by fullshark 10y ago
We laud(ed) this largely because most are consumers and are enjoying a nice consumer surplus from the development. Also for some workers, it's been a nice way to turn spare time + depreciating capital into short term income. In a vacuum it looks like a clear win for all involved.
The larger trend is where it looks worrisome, and that's basically what we're considering as some time has passed.
- 5thaccount 10y agoSo without this trend, the world would have had more middle class and lower unemployment? My question more specifically is whether this trend is the cause or the effect? I'm not convinced in either direction BTW, I'm genuinely asking (the ether).