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by sytelus
2572 days ago
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Income disparity and need for continuous growth are not strictly dependent on each other. Assume that everyone was given exactly equal portion of global GDP. This will still end up everyone at $9/hr. While this might be above poverty line, no one would be able to afford virtually any expensive technological advances. The bottom line is that current total world GDP is not sufficient to experience full technological advances by all humans which calls for further growth. |
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- Neal Stephenson, Snow Crash