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> The implicit assumption you are making is that the demand increases in lock step with productivity gains. This is basically the theory around modern industri
by gopalv 5y ago
> The implicit assumption you are making is that the demand increases in lock step with productivity gains.
This is basically the theory around modern industrial revolution - https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox
Efficiency increases demand more than the efficiency saves.
You could argue that labour does not follow that, but it is more about the technology improving rather than disrupting.
- perl4ever 5y ago>Efficiency increases demand more than the efficiency saves. That's not some sort of natural law. People latched on to this hypothetical situation and keep elevating its universality. It's just a thing that can happen and may or may not in a given instance.