Re:U.S. Birthrates Fall to Record Low
by shadowgovt on Wednesday May 20, 2020 @10:19AM
(#23247073)
As automation comes online, the amount of wealth generated per unit of human labor goes up.
A growing economy requires, in the large, an increasing labor pool, but that labor can be human or machine-amplified human. If the amplification rate is growing fast enough, we can grow the economy with a shrinking headcount.
(The other side of the equation---consumption---also balances out; people with more leisure time consume more).
A growing economy requires, in the large, an increasing labor pool, but that labor can be human or machine-amplified human. If the amplification rate is growing fast enough, we can grow the economy with a shrinking headcount.
(The other side of the equation---consumption---also balances out; people with more leisure time consume more).