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"But poverty stayed the same" Computers gave us enormous productivity as they ramped up by orders of magnitude in Moore's Law. Where did that productivity go?
by AtlasBarfed 4y ago
"But poverty stayed the same"
Computers gave us enormous productivity as they ramped up by orders of magnitude in Moore's Law. Where did that productivity go? Well, wages are stagnant, but who has made a LOT of money since? Oh right, the wealthy. This was most prominent in the 1990s as we moved from 66Mhz to a gigahertz in CPU speed, to say nothing of disk space, RAM, networks, the internet, etc.
So if birth control restricted kids and the amount of labor that they required, and suddenly everyone has two job parents, but they poverty stayed the same...
Here's an exercise for the reader:
So TO WHOM did the money/productivity gain go?