News for hackers. Stuff that matters.

A comment on Economics Needs a Post-Crash Revolution. Parent comment

Re:Economics Needs a Post-Crash Revolution by duxut_staglatz on Sunday October 27, 2019 @11:56AM (#21370521)
In your automation story, is there the same amount of goods that produced right now (but with less labor) or more goods?
[ Parent | on HN ]
Re:Economics Needs a Post-Crash Revolution by mdorazio on Sunday October 27, 2019 @03:37PM (#21371872)
Same goods, less labor. Growth in goods output is not required.
[ Parent | on HN ]
Re:Economics Needs a Post-Crash Revolution by duxut_staglatz on Sunday October 27, 2019 @06:42PM (#21372931)
Which goes back to scythe's point: is USD 17k (with US prices) enough to live on, even if we do not have to work? If yes, we do not need growth; if it would be better to have more, then we need growth.
[ Parent | on HN ]