3 ms·
That’s the economy in general. Labor saving innovations increase productivity but do not usually reduce work very much, though they can shift it around pretty d
by api 7mo ago
That’s the economy in general. Labor saving innovations increase productivity but do not usually reduce work very much, though they can shift it around pretty dramatically. There are game theoretic reasons for this, as well as phenomena like the hedonic treadmill.
- darth_avocado 7mo agoIdeal state for every company is to have minimum input costs with maximum output costs. Labor always gets cut out of the loop because it’s one of the most expensive input costs.