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There is a significant increase in overall productivity in last few years. Expectations of continuing growth are pushing market higher. Better automation of man
by novaRom 8y ago
There is a significant increase in overall productivity in last few years. Expectations of continuing growth are pushing market higher. Better automation of many processes, faster unlimited access to any information, connectivity. The first iphone was released 11 years ago, Android 10 years ago. A lot of disruptive innovations since then.
- orev 8y agoBut many of those innovations have the potential to reduce large numbers of jobs, like taxi and truck drivers. When people aren’t earning money, they can’t spend money, and it’s the movement of money through the economy that makes it function. I don’t think productivity gains will offset that loss.