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by yummyfajitas
5829 days ago
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Suppose, hypothetically, that we really do reach a stage where we have a small number of highly productive individuals and a large number of unskilled people without manufacturing work to do. In that case, it is likely that the skilled will hire the unskilled as servants, making the skilled people even more productive (every hour spent doing laundry is an hour spent not designing the latest iPhone). People will probably also work fewer hours, and take productivity gains in the form of leisure rather than money. |
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