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Jevon's Paradox, as I understand it, applies in some domains and not others. Recently discussed here in fact [https://news.ycombinator.com/item?id=42906919 http
by quantified 2y ago
Jevon's Paradox, as I understand it, applies in some domains and not others. Recently discussed here in fact [https://news.ycombinator.com/item?id=42906919 https://news.ycombinator.com/item?id=42906919]
Companies disrupting each other isn't really the point. They can go on disrupting each other. What's missing are the uses that will grow employment somewhere to offset the employment that's trimmed by efficiency gains. Growing by equivalent or better wages and by the same number of people, that is. A few highly-comped individuals and many McJobs that are farther behind in real wages than they all are today is not a net plus.