3 ms·
they increase productivity, which is one of the most important part of the real economy, separates a lot of grueling manual labor while starving (so the Malthus
by pas 8mo ago
they increase productivity, which is one of the most important part of the real economy, separates a lot of grueling manual labor while starving (so the Malthusian state) from having so much economic surplus that we have the opposite of starving in advanced economies.
https://www.nber.org/system/files/working_papers/w26371/w26371.pdf https://www.nber.org/system/files/working_papers/w26371/w263...
the finding is that on average, target firms add jobs and see improved labor productivity