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> Job automation underpins the explosion of economic growth we’ve seen since the 1830’s industrial revolution. What underpinned the explosion of economic growt
by elfexec 7y ago
> Job automation underpins the explosion of economic growth we’ve seen since the 1830’s industrial revolution.
What underpinned the explosion of economic growth in the 1830s to 1850s was opium money we stole from china and whale blubber. What underpinned economic growth since the 1850s was oil and population explosion along with dumping large populations in small areas in order to boost consumption.
We know for a fact that automation doesn't underpin economic growth because if it did, Japan and most of europe would be the centers of economic growth. Why has automating Japan lagged so far behind china or the US since the 90s? Their population has stagnated. While China added 300 million more people and the US added 100 million people in that time, Japan added hardly any.
Here are the list of the fastest growing economies. Automation isn't the first word to come to mind when I think of many of these countries.
https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
Economic growth is essentially population growth + moving that population to cities so that they can consume more efficiently. If automation truly underpins economic growth, that list of GDP growth rates would be led by primarily america, european nations and a few east asian nations.