2 ms·
The thesis (pre-AI) is not "fewer jobs, less money." It's "more productivity, more money → higher land rents → upward pressure on everything → higher floor of
by estearum 5mo ago
The thesis (pre-AI) is not "fewer jobs, less money."
It's "more productivity, more money → higher land rents → upward pressure on everything → higher floor of economic productivity required for someone to earn a plot of land to live or work upon"