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I don’t don’t doubt that it might depress salaries but that excel example is a good one in that suddenly every company could start to do basic financial analysi
by mikeyouse 2y ago
I don’t don’t doubt that it might depress salaries but that excel example is a good one in that suddenly every company could start to do basic financial analysis in a manner that only the largest ones could previously afford.
- sdeframond 2y agoYet another instance of Jevon's paradox ! https://en.m.wikipedia.org/wiki/Jevons_paradox https://en.m.wikipedia.org/wiki/Jevons_paradox > the Jevons paradox occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced.