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by lukaa 2529 days ago
I'm wondering if main reason for tech stagnation is globalization.If you can increase your profits from cutting cost by transferring work to China why should you concentrate on increasing productivity?
2 comments

I haven't listen to the link but Peter Thiel comes to exactly the same conclusion in other talks. https://youtu.be/zgF6FAYsWdI
Well, it mostly just makes products cheaper. Also, sites like amazon can be linked to the current low inflation due it`s ability for users to price guage efficently.