Re:Economists are revising their views on robots and jobs
by imtringued on Thursday January 27, 2022 @03:47AM
(#30097911)
Profit must go down to zero because of structural reasons.
Profit isn't a reward, it is a reallocation of capital to a new sector. At some point growth stops and there are no new sectors meaning there is nothing to reallocate existing capital to.
Profit isn't a reward, it is a reallocation of capital to a new sector. At some point growth stops and there are no new sectors meaning there is nothing to reallocate existing capital to.