4 ms·
Tech doesn't make our lives faster evenly though; this is a form of the Baumol effect. If we could make 1 widget per hour a generation ago, but can make 10 wid
by aidenn0 3y ago
Tech doesn't make our lives faster evenly though; this is a form of the Baumol effect. If we could make 1 widget per hour a generation ago, but can make 10 widgets per hour today, the opportunity cost of an hour of leisure is 9 widgets higher.