Re:The global fertility rate is falling
by mjburgess on Wednesday July 15, 2020 @09:08AM
(#23844633)
Er... no.
Your productivity is your effect on net increases in economic transactions. A CEO has a massive effect. Jeff Bezos can literally, right now, change the GDP of entire countries just by making a decision.
One minute of his time can raise or lower a country's economic activity.
> while the money went elsewhere
Did it? Productivity increases is still the reason people have rising wages.
That we don't see the 1:1 wage:productivity increases we used to (post-WW2), doesnt mean that productivity isnt still the key metric to be increasing.
As to why that is probably the form automation takes today has a lot to do with it, ie., that innovations in factories used to increase the productivity of working class people; now such increases accumulate to highly skilled workers.
Ironically, I think this makes my point: our economy has become politically unstable because of the relative increase of low-productivity labour. This would get much worse with people transitioning to care work.
Your productivity is your effect on net increases in economic transactions. A CEO has a massive effect. Jeff Bezos can literally, right now, change the GDP of entire countries just by making a decision.
One minute of his time can raise or lower a country's economic activity.
> while the money went elsewhere
Did it? Productivity increases is still the reason people have rising wages.
That we don't see the 1:1 wage:productivity increases we used to (post-WW2), doesnt mean that productivity isnt still the key metric to be increasing.
As to why that is probably the form automation takes today has a lot to do with it, ie., that innovations in factories used to increase the productivity of working class people; now such increases accumulate to highly skilled workers.
Ironically, I think this makes my point: our economy has become politically unstable because of the relative increase of low-productivity labour. This would get much worse with people transitioning to care work.