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Yup because we are currently in an innovation boom due to new emerging technologies. If the innovation slows down then the returns will shift in favor of labor
by HNfriend234 6y ago
Yup because we are currently in an innovation boom due to new emerging technologies. If the innovation slows down then the returns will shift in favor of labor while capital generates negatives returns.
- deegles 6y agoOr maybe the innovation permanently destroys labor possibilities... not many self-checkout machines are going to be replaced with humans.