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Another article about productivity from an author who can't distinguish between measurable economic TFP and the common-use concept of productivity. In fact, TF
by awinter-py 9y ago
Another article about productivity from an author who can't distinguish between measurable economic TFP and the common-use concept of productivity.
In fact, TFP (which is what they're charting) is the mystery factor that explains why earnings grows differently than its inputs, labor and capital.
It makes no sense to me to talk about TFP when moore's law is making devices cheaper and VCs / ad revenue are subsidizing omnipresent software.
The ATMs argument is tired -- even if it's right it's 30 years old.
Foxconn replaced 60k workers on their shenzhen campus with robots. How can this article not cite that?
Weak.