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Revenue per employee has quietly increased by a factor of five over the last 25 years among S&P500 companies. If that continues or accelerates, the majority of
by rogerkirkness 3y ago
Revenue per employee has quietly increased by a factor of five over the last 25 years among S&P500 companies. If that continues or accelerates, the majority of economic growth and impact will happen in an extremely high labour leverage way. The only jobs remaining are ones that can't be scaled or automated, like childcare, trades, preparing food. We should definitely have a higher minimum wage, and some basic income.