The Economy “Doesn’t Need You Anymore”
Are we in an "awful" in-between phase of our planet's productivity curve and that technology is rapidly reducing the number of workers and resources that are required to make what the planet needs?
In an essay by Hank Williams, the tech entrepreneur argues that we are in an “awful” in-between phase of our planet’s productivity curve. He says that technology has vastly reduced the number of workers and resources that are required to make what the planet needs. Williams says:
When you read in the press the oft-quoted concept that “those jobs aren’t coming back” this “reduction of need” is what underlies all of it. Technology has reduced the need for labor. And the labor that *is* needed can’t be done in more developed nations because there are people elsewhere who will happily provide that labor less expensively.