The Productivity Paradox: Why Technology Makes the Economy More Efficient But Most People No Richer — fullstackpm.tech
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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.
  • Th4tGuyII@fedia.io
    13·
    4 hours ago

    All of this is fairly obvious to someone not wearing a MAGA hat.

    Productivity per person has increased since the 80’s, but wages have not followed - rather they have remained largely stagnant.

    As such, the increased profits are instead going into an increasingly small amount of very rich people’s pockets