> But an entrepreneur who gets rich by reducing waste and improving productivity by harnessing technology deserves our praise. They're not causing the "poor to get poorer".
Extracting more work from the poor is often veiled under the guise of "improved productivity", so this measure of praise is not particularly helpful.
When companies measure labour productivity by the bottom line "Revenue output per Wage input" rather than "GDP output per worker" this ignores a subtle distinction that has severe societal impact.
Extracting more work from the poor is often veiled under the guise of "improved productivity", so this measure of praise is not particularly helpful.
When companies measure labour productivity by the bottom line "Revenue output per Wage input" rather than "GDP output per worker" this ignores a subtle distinction that has severe societal impact.