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In some sense this is very true. Michael Porter (Harvard prof, wrote Competitive Strategy), thinks that basically everyone in an advanced economy has to constan
by asd33313131 8y ago
In some sense this is very true. Michael Porter (Harvard prof, wrote Competitive Strategy), thinks that basically everyone in an advanced economy has to constantly increase their skills, but as a result, everyone produces more for less money, and the living standards go up collectively. Is this right? Maybe, maybe not.
- xv100 8y agoIt sounds right to me, except that the living standards don't go up, the surplus goes to the edu/housing/healthcare rent seekers.