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Re:1776: The Revolt Against Austerity by taejo on Tuesday May 26, 2015 @07:47AM (#9604092)
This is an instance of Jevon's paradox (http://en.wikipedia.org/wiki/Jevons_paradox): making a process more efficient in terms of resource requirements (in this case labour), causes the process to become more profitable and grow, therefore using more rather than less of the resource.
Re:1776: The Revolt Against Austerity by taejo on Tuesday May 26, 2015 @02:19PM (#9606562)
This is assuming sufficiently elastic demand (i.e. there is unfulfilled demand at the old price).