Hacker News new | ask | show | jobs
by Symmetry 3498 days ago
To a first approximation all improvements in people's standards of living come from reducing the amount of labor required to make stuff. In the long run the average consumption has to equal the average production. You can play around at the margin with varying distribution, imports and exports, or getting people to work longer hours. But those effects are all tiny compared to the effects of changes in worker productivity over the last 100 years.