Labor Productivity: Difference between revisions
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With robotics and automation, labor productivity is decreasing - [https://youtu.be/PTgZuwY5M6g?t=938] | With robotics and automation, labor productivity is decreasing - [https://youtu.be/PTgZuwY5M6g?t=938] | ||
=[[Jeremy Rifkin]] on | =[[Jeremy Rifkin]] on Labor Productivity= | ||
*[[Robert Solow]] got nobel prize for breaking the floor out of economics - concluding that with the current crappy 14% labor productivity, we don't know where the 86% of productivity is wasted. | *[[Robert Solow]] got nobel prize for breaking the floor out of economics - concluding that with the current crappy 14% labor productivity, we don't know where the 86% of productivity is wasted. | ||
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=14%= | |||
Labor + capital account for 14% of the efficiency. Aggregate efficiency in the managing, powering, and moving of economic activity. [https://www.strategy-business.com/article/Jeremy-Rifkin-on-How-to-Manage-a-Future-of-Abundance] | |||
NB: concepts are mixing here. Do we have 14% efficiency, or do we have that 86% is waste? Yes, if we claim labor + capital are all of the productivity. From the OSE perspective, proprietary tech and various [[Competitive Waste]] are the 86% efficiency loss which can be corrected with: | |||
#[[Flex Fab]] - distributed fabrication of the [[Second Industrial Divide]] | |||
#[[Open Source IP]] - end of patents and trade secrets | |||
#[[Open Sector Enterprise]] | |||
#[[Abundant Money]] - crypto backed by transparent physical production that can now be accounted in a distributed way, connected to [[Essential Productivity]] | |||
#Differentiation between [[Essential and Bullshit Productivity]]. | |||
=Links= | =Links= | ||
*[[Automation and the Future of Work]], Aaron Benanev | *[[Automation and the Future of Work]], Aaron Benanev | ||
Latest revision as of 05:22, 17 March 2025
With robotics and automation, labor productivity is decreasing - [1]
Jeremy Rifkin on Labor Productivity
- Robert Solow got nobel prize for breaking the floor out of economics - concluding that with the current crappy 14% labor productivity, we don't know where the 86% of productivity is wasted.
14%
Labor + capital account for 14% of the efficiency. Aggregate efficiency in the managing, powering, and moving of economic activity. [2]
NB: concepts are mixing here. Do we have 14% efficiency, or do we have that 86% is waste? Yes, if we claim labor + capital are all of the productivity. From the OSE perspective, proprietary tech and various Competitive Waste are the 86% efficiency loss which can be corrected with:
- Flex Fab - distributed fabrication of the Second Industrial Divide
- Open Source IP - end of patents and trade secrets
- Open Sector Enterprise
- Abundant Money - crypto backed by transparent physical production that can now be accounted in a distributed way, connected to Essential Productivity
- Differentiation between Essential and Bullshit Productivity.
Links
- Automation and the Future of Work, Aaron Benanev