Every decade, technology makes us dramatically more productive. Every decade, GDP growth slows. These two facts should not coexist — and understanding why they do reveals the defining economic tension of our era.
Edit: Pretty much what it says. It’s more detailed than that but yeah. Labourers get less, more value is attributed to capital (buildings, land) and collected by the rich.
Let me guess:
It’s because all the money goes to billionaires.
Edit: Pretty much what it says. It’s more detailed than that but yeah. Labourers get less, more value is attributed to capital (buildings, land) and collected by the rich.
amazing good maths
next they’ll be writing articles about “if i vote for jill stein becaue palestine. why do fascists stay in power” level maths