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> 4. Human productivity is becoming decreasingly dependent on human capital over time From what I observed, increased human productivity doesn't translate to l
by arvinsim 7y ago
> 4. Human productivity is becoming decreasingly dependent on human capital over time
From what I observed, increased human productivity doesn't translate to less working time.
You work the same time but you just produce more.
- marcosdumay 7y agoIt's one of the most predictable features of capitalism that after a while any productivity gain becomes widespread, and on doing so its profits are distributed among consumers, not producers.
- gjm11 7y agoDistributed among consumers (via price reductions) and via _owners_ (via profit increases). Those graphs you've probably seen showing that the richest ~1% of the population owns an ever-increasing fraction of the assets suggest that quite a lot is going to owners rather than to consumers.
- TeMPOraL 7y agoThis prediction ignores the probably best-funded area of research on the planet, that is inventing ever more complex business models in order to retain the gains instead of distributing them.