What I don't understand about Europe is 1. They are facing a huge negative demographic dividend. 2. They are facing steep inflation, low energy and food security and lower economic growth. 3. High social security costs may not be sustainable in the long term. 4. Finance is crumbling and real economy is taking over. Monetary expansion had its run and is no longer the panacea. How will they handle this and still emerge…
But it is something only information workers can do because productivity doesn’t translate linearly to hours put in.
But anything physical, manufacturing, etc, it is simply more time = more output.
Unless we use more and more automation and better tools of course. Which is also happening.