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Because we will run out of natural resources. Our supply of natural resources is not going to increase by 10% year over year over the next century unless one o
by faeriechangling 4y ago
Because we will run out of natural resources. Our supply of natural resources is not going to increase by 10% year over year over the next century unless one of those technologies we develop is alchemy.
- SirLJ 4y agoAs I do this for a living, let me point out, the index is not set in stone, new companies and technologies all replace the old and it will continue forward…
- everfree 4y agoProductivity is a function of technology, labor, and natural resources. If technology improves by 10%, we can still see a 10% increase in wealth even if labor and natural resources remain steady. If technology improves by a whole lot, we could theoretically even see an increase in wealth amidst decreasing labor and natural resources.
- segmondy 4y agowhere in the world did you get the idea that the growth of SP500 and natural resources are correlated? This is very naive. There's 0 correlation. SP500 can go up 100x with 0% productivity. It's called hyperinflation.