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Odd that it describes a slowdown in growth of labor productivity as a "productivity slowdown." As though we should be able to sustain growth infinitely. Seems l
by GavinMcG 5y ago
Odd that it describes a slowdown in growth of labor productivity as a "productivity slowdown." As though we should be able to sustain growth infinitely. Seems like the low-hanging technological fruit has been picked, though.
- andrekandre 5y ago> As though we should be able to sustain growth infinitely. isnt that the basic assumption that underpins all of our economics though? maybe im missing something, but minus that (overall expansion/growth), things start to look more like zero-sum?
- CamTin 5y agoYou're not missing anything. Yes, this basic assumption underpins all orthodox liberal economics. No, it can't be true.