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Growth is the result of value generation. One of the ways to generate value is through technological innovation, which leads to higher economic growth. At the e
by kgantchev 5y ago
Growth is the result of value generation. One of the ways to generate value is through technological innovation, which leads to higher economic growth. At the end of the day, you're saying that technological innovation is not infinite. I suppose you're right, but if we reach the point where we've hid the limit of technological innovation. I think the theory on technological growth is that it is in fact infinite and we'll reach a point when it's uncontrollable and irreversible. It's referred to as a technological singularity.
If we've reached that point, then I'm pretty sure retirements won't matter.