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I'd like to note, though, that it was a good post aside from the personal attack. I would have upvoted if the text dedicated to admonishing the parent were inst

I'd like to note, though, that it was a good post aside from the personal attack. I would have upvoted if the text dedicated to admonishing the parent were instead dedicated to expanding on how the lump of labour fallacy applied.

Clubber 10y ago
Yes, I would also like to know how doubling the work force as a factor in pushing down wages is a fallacy (particularly in the 80s). I understand it's a complex problem. Another factor in stagnant wages is automation and much of what we tout as worker productivity isn't necessarily workers working 10x faster or harder, but automation allowing them to get 10x more done. Think in terms of Excel vs "running the numbers" manually, databases vs. file cabinets, etc. As an aside, part of the reason the VA is so inefficient is that many of their patient records are (were?) in file cabinets. The worker doesn't do 10x the work out of pure skill (though learning to use Excel is part of it) but the investment in licenses and software done by the business. It's fair to say if the business invested in building a software system, they should reap the benefits of the productivity it yields, even though that stagnates wages. I also believe a worker who understands Excel should have higher wages than one that doesn't, though today, it's a requirement for a job in accounting.