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if technology continues to improve productivity, then the market will continue to rise accordingly.
by krautt 3y ago
if technology continues to improve productivity, then the market will continue to rise accordingly.
- JKCalhoun 3y agoIs that why it is rising?
- downrightmike 3y agoIts mostly hype, if AI shows real improvements, chatgpt would need to cost a lot more than $30/mo, considering it takes thousands per user per month.
- refulgentis 3y agoSorry, that went over my head: do you estimate ChatGPT costs thousands of dollars to operate per user?
- l33tbro 3y agoTechnology is improving productivity? We're still down half of what overall productivity was 20 years ago. https://www.thirdway.org/report/missing-the-juice-whats-happening-with-u-s-productivity-growth https://www.thirdway.org/report/missing-the-juice-whats-happ...
- durumu 3y agoThat graph is productivity growth, and it's consistently positive.
- seanmcdirmid 3y agoProductivity can grow without workers reaping the benefits of that growth, unfortunately. And in that case, the stock market grows even more.
- quickthrower2 3y agoImproving productivity isn’t perfectly aligned with what is good for tech stocks. Does Netflix want you to be more productive? Meta? Google and Amazon maybe.
- verve_rat 3y ago> Does Netflix want you to be more productive? Meta? Yes. If you can support yourself while only working 10 hours a week then you have another 30 hours you could be spending on watching Netflix or shit posting on Facebook.
- quickthrower2 3y agoGood point. More precisely I should say does Netflix help you become more productive! They definitely want you to have more free time.