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This is what economists in the very early 1900s thought that increasing industrial efficiency would eventually lead to. Ie. that we'd all work maybe a day or t
by treyd 11mo ago
This is what economists in the very early 1900s thought that increasing industrial efficiency would eventually lead to. Ie. that we'd all work maybe a day or two per week or less.
But that's not what happened, for various reasons relating to the nature of how capital grows and how that impacts increasing production volumes.