The Productivity Paradox: Why Technology Makes the Economy More Efficient But Most People No Richer — fullstackpm.tech
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Every decade, technology makes us dramatically more productive. Every decade, GDP growth slows. These two facts should not coexist — and understanding why they do reveals the defining economic tension of our era.
  • atcorebcor@sh.itjust.worksEnglish
    4·
    16 hours ago

    The real reason is that monopolies or other forms of market power prevent competitive pricing, wages and rents.