> Where is the productivity gains going?
I wonder what a good answer would be here. Intuitively we are increasing productivity in activities that does not increase social welfare. Take corporate lawyering, marketing as an example.
I wonder what a good answer would be here. Intuitively we are increasing productivity in activities that does not increase social welfare. Take corporate lawyering, marketing as an example.
It seems that significant amount of productivity gains are lost because of activities that profit from deception and counter activities that accounts for them.