[krautt]

if technology continues to improve productivity, then the market will continue to rise accordingly.

[l33tbro]

Technology is improving productivity? We're still down half of what overall productivity was 20 years ago.

https://www.thirdway.org/report/missing-the-juice-whats-happ...

[durumu]

That graph is productivity growth, and it's consistently positive.

[seanmcdirmid]

Productivity can grow without workers reaping the benefits of that growth, unfortunately. And in that case, the stock market grows even more.

[quickthrower2]

Improving productivity isn’t perfectly aligned with what is good for tech stocks. Does Netflix want you to be more productive? Meta?

Google and Amazon maybe.

[verve_rat]

> Does Netflix want you to be more productive? Meta?

Yes. If you can support yourself while only working 10 hours a week then you have another 30 hours you could be spending on watching Netflix or shit posting on Facebook.

[quickthrower2]

Good point. More precisely I should say does Netflix help you become more productive! They definitely want you to have more free time.

[JKCalhoun]

Is that why it is rising?

[downrightmike]

Its mostly hype, if AI shows real improvements, chatgpt would need to cost a lot more than $30/mo, considering it takes thousands per user per month.

[refulgentis]

Sorry, that went over my head: do you estimate ChatGPT costs thousands of dollars to operate per user?