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> The reason productivity doesn't go up is that it is decoupled from jobs. Some things are wildly productive and produce a few jobs and some other things aren't
by eli_gottlieb 8y ago
> The reason productivity doesn't go up is that it is decoupled from jobs. Some things are wildly productive and produce a few jobs and some other things aren't very productive but employ lots of people.
Well, that sounds like we have two large problems to solve:
1) Effective demand/participation, the "jobs thing" everyone talks about.
2) The underlying cost diseases that force huge amounts of labor to be employed at low (sometimes even negative) marginal productivity.