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Yep, you are correct. Paul Graham writes in Hackers and Painters about how wealth is not zero-sum. You can read more about it in his essay here: http://paulgra
by bradly 6y ago
Yep, you are correct. Paul Graham writes in Hackers and Painters about how wealth is not zero-sum.
You can read more about it in his essay here: http://paulgraham.com/wealth.html http://paulgraham.com/wealth.html
- hackinthebochs 6y agoWealth doesn't map well to what we're talking about here. No economy can support an unbounded number of "high paying" jobs, for example. While wealth has gone up steadily since the world industrialized, a good (i.e. high paying) job is relative to the current standard of living and so wont be monotonic.
- bradly 6y ago> No economy can support an unbounded number of "high paying" jobs, for example. Why not? Is there some economic axiom that states this? Can wealth not continue to increase? And can't wealth be used to create "good" jobs?