Isn't this the same discussion of infinite growth versus the ceiling of finite resources.
It is logically not possible might take 20 years or 700 years but eventually a ceiling is reached.
It is logically not possible might take 20 years or 700 years but eventually a ceiling is reached.
No it doesn't. He'd need to profit from that effeciency first. Idle time is not reported in GDP
The problem is that these industries have also been growing by increasing resource consumption along with output, to a level that isn't sustainable (even without more growth) beyond this century or so.