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by dragonwriter 155 days ago
Increased productivity increases the value of work and the number of areas it is useful to apply it. Yes, if you are working for a non-growth firm with basically fixed sales, a productivity increase translates to a headcount decrease in that firm, but across the industry it means more jobs at higher pay, as shown by the whole history of productivity improvements in software development.
1 comments

Increased productivity requires demand to make use of it. And if there was untapped demand on the table already, it would have been eaten already through labor gains even if productivity didn’t shift.