Economic Productivity Needs to be Studied in Physical Terms

Where the Analysis Cuts Short

Relevance of Labor Productivity for our Future

  • Economies of scale (improved productivity through specialization)
  • Direct efficiency improvement through sustaining innovation
  • Replacement of certain roles with new, more productive, technologies, what I would call disruptive innovation
  • Expansion of economic inputs other than labor

Emerging Efforts

 by the author.

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Obligatory analytical writing, online participation account for Medium. Engineering, software, books, space, constant daydreaming.

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Alan

Alan

Obligatory analytical writing, online participation account for Medium. Engineering, software, books, space, constant daydreaming.

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