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> and is rarely (if ever) rewarded productivity growth is always rewarded, it leads to more goods at lower prices across the economy, so everybody's standard o
by fsckboy 4y ago
> and is rarely (if ever) rewarded
productivity growth is always rewarded, it leads to more goods at lower prices across the economy, so everybody's standard of living goes up. This is a very real effect; consider how small percentages of inflation cause pain throughout the economy, the same pain is produced through productivity drops.
- jgust 4y agoThere is the impression that this is no longer true - capital owners are capturing the increased productivity as profit and "everybody's standard of living" is remaining the same or eroding.
- Moissanite 4y ago"Past performance may not be indicative of future results. The value of your economic model as a predictor of outcomes may go down as well as up."