Re:U.S. Changes Visa Process for High-Skilled Workers
by tomrod on Thursday January 31, 2019 @06:59AM
(#19044144)
Actually...
Production has three components: capital, labor, and technology. Automation, as I understand it, both improves technology and lowers the cost of capital.
If I recall right, this strand of economic lit is called Total Factor Productivity.[0]
I believe the Wheel falls squarely in the technology bracket.
Production has three components: capital, labor, and technology. Automation, as I understand it, both improves technology and lowers the cost of capital.
If I recall right, this strand of economic lit is called Total Factor Productivity.[0]
I believe the Wheel falls squarely in the technology bracket.
[0] https://en.m.wikipedia.org/wiki/Total_factor_productivity