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> Where is the productivity gains going? I wonder what a good answer would be here. Intuitively we are increasing productivity in activities that does not incr
by JanisErdmanis 1y ago
> Where is the productivity gains going?
I wonder what a good answer would be here. Intuitively we are increasing productivity in activities that does not increase social welfare. Take corporate lawyering, marketing as an example.
- conception 1y agohttps://preview.redd.it/wealth-distribution-in-the-us-by-wealth-percentile-1990-2024-v0-aq601daf54cd1.png?width=640&crop=smart&auto=webp&s=a2ab9e584aaa01acc6b4ed91b18fd30ebed84078 https://preview.redd.it/wealth-distribution-in-the-us-by-wea... https://inequality.org/facts/wealth-inequality/ https://inequality.org/facts/wealth-inequality/ Etc etc
- JanisErdmanis 1y agoThe rising wealth inequality is a blunt answer. Similarly saying that we are increasing productivity in activities that protect interest of the rich. It seems that significant amount of productivity gains are lost because of activities that profit from deception and counter activities that accounts for them.