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You don't need all industries to see 10 OM improvements to see a >8 OM improvement in total economic productivity. I imagine it's enough to improve how people c
by CryptoPunk 6y ago
You don't need all industries to see 10 OM improvements to see a >8 OM improvement in total economic productivity. I imagine it's enough to improve how people coordinate resource usage by something like 10 OM to see that kind of improvement.
Ride-sharing, house-sharing, computerized car-navigation, self-driving cars, online banking, online shopping, Wikipedia, online directories of product/service providers, etc are all existing or emerging technologies that didn't exist 30 years and massively increase how effectively people can collectively utilize existing resources.