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From an economic theory point of view, productivity increases generally increase the demand for labor. The suggestion that there is some level of "need" for la
by dbecker 14y ago
From an economic theory point of view, productivity increases generally increase the demand for labor.
The suggestion that there is some level of "need" for labor suggests that there is a certain "need" for produced goods, and we happen to be at it right now.
But we used to be below this level of output (which suggests our current level isn't a "need"), and consumption is still increasing... rather than leveling off.