Productivity Is About (Much) More than Finishing Tasks Quickly
Tl;dr much white collar work is about extracting rents as a middleman and doing it faster doesn't increase the total extractable rent.
Yes! Also, quality matters, cost matters, the low-hanging fruit of white-collar automation has already been plucked, and donโt forget all the ways that generative AI can be used to destroy economic value.
๐ฏ
Thanks for making this accessible.
I'm not a trained economist so I have to dumb things down to my own level.
I meant that thereโs no paywall haha.
Oh, well, in that case, youโre welcome ๐คฃ
Tl;dr much white collar work is about extracting rents as a middleman and doing it faster doesn't increase the total extractable rent.
Yes! Also, quality matters, cost matters, the low-hanging fruit of white-collar automation has already been plucked, and donโt forget all the ways that generative AI can be used to destroy economic value.
๐ฏ
Thanks for making this accessible.
I'm not a trained economist so I have to dumb things down to my own level.
I meant that thereโs no paywall haha.
Oh, well, in that case, youโre welcome ๐คฃ