3 ms·
> It doesn't imply growth in resource usage: if your CPU becomes twice as efficient, or your package delivery route is optimised, or your barber learns to cut
by peteradio 6y ago
> It doesn't imply growth in resource usage: if your CPU becomes twice as efficient, or your package delivery route is optimised, or your barber learns to cut hair faster, that all counts as GDP growth.
If demand is not saturating your efficiency improvement then you are maybe capturing a bigger piece of the pie but the pie may shrink or grow. Isn't the pie the proper measure? Why are we measuring scoops of pie passing back and forth?
- AtlasLion 6y agoIt only does if there are more packages that can be sent or hair that can be cut. With a shrinking population, both are untrue.