2 ms·
Anything that increases capital-intensity of output, compared to labor intensity (good old Cobb-Douglas production function) will be good for the capitalists.
by antisthenes 4y ago
Anything that increases capital-intensity of output, compared to labor intensity (good old Cobb-Douglas production function) will be good for the capitalists.
Y = K^(1-x)*L^(x)
Here's ONE WEIRD TRICK that CAPITALISTS HATE. Increase X.