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Yeah, but you don't grow GDP 5% per year by shaving basis points off of vacuum tube manufacturing costs. You grow 5% per year by putting physicists, chemists,
by rmrfstar 6y ago
Yeah, but you don't grow GDP 5% per year by shaving basis points off of vacuum tube manufacturing costs.
You grow 5% per year by putting physicists, chemists, and engineers under one roof and letting them invent transistors. Society at large will thank you, and the builders/makers/hackers doing dope shit will thank you.
- bumby 6y agoR&D is definitely necessary for long term growth but I think you might be surprised how much process improvements can improve productivity. In a previous role as an industrial/process engineer, it wasn’t unheard of to productivity increases approaching 20% for relatively little capital investment