3 ms·
What I'm certain of is that the standard of living will increase. Because we can do more effective work in the same time. This means more output and things will
by janpmz 2y ago
What I'm certain of is that the standard of living will increase. Because we can do more effective work in the same time. This means more output and things will become cheaper. What I'm not sure of, is where this effect will show in the stock market.
- soulofmischief 2y agoStandard of living for who? Productivity has not scaled appropriately with wages since the industrial revolution.
- janpmz 2y agoFor almost everyone I think. Since the industrial revoultion we have availability of cheap electricity, cheap lighting, an abundance of food and clothing etc. How the wages developed is something I don't know.
- elevatortrim 2y agoThis is assuming most white collar economically productive work is currently utilised to improve standard of lives and is a bottleneck which is at best questionable.