Productivity 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

Productivity 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.