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by ReactiveJelly
1870 days ago
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Measuring productivity is unintuitive because it's not linear. Sure, if there were no farmers, there'd be no food. But if there were no mechanization, the current number of farmers would be wildly insufficient. We're adding 1 + 1 and getting 102, and the tricky part is dividing the extra 100 points amongst everyone. |
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If Georgism is right, in long term the extra 100 points go to those who own the land, via rent.
Not just the rent you pay directly for the place where you live, but also indirectly whenever you buy someone's product or services, because that other person also had to include their rent in the cost of their product or service. Thus when the rents increase, everything gets more expensive, and ironically that makes it more difficult to notice that most of that money ultimately goes towards paying someone's rent.
https://astralcodexten.substack.com/p/your-book-review-progr...