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It also means less people doing innovation and markets that start getting smaller so that will create zero sum mentality.
by antupis 3y ago
It also means less people doing innovation and markets that start getting smaller so that will create zero sum mentality.
- mytailorisrich 3y ago> It also means less people doing innovation Not necessarily. Only a small proportion of the general population "does innovation". In fact, automation and boosting productivity may mean (even should mean) more people doing high-value, innovative work. > and markets that start getting smaller It does not matter if a market gets smaller by number of consumers if total population also reduces and individuals are better off. For instance, smaller population means smaller construction industry but also likely fewer builders. Does that imply that a builder will be individually worse off than now? No. They could even be better off if productivity increases drastically.
- nradov 3y agoIn the 19th century the USA had plenty of innovation and a widespread growth mindset even though the population was much smaller and less dense.