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This is not at all surprising. The scholarship positing the opposite was a deviation from what has been the standard line of economic thought since more than a
by CryptoPunk 5y ago
This is not at all surprising. The scholarship positing the opposite was a deviation from what has been the standard line of economic thought since more than a century ago.
Automation is the main cause of a 20 times growth in inflation-adjusted wages since 1820. Per capita GDP growth is mostly just labor saving innovation, which is primarily automation, and secondarily greater coordination, like division of labor and specialization, and that is mostly through trade.