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How tech’s defiance of economic gravity came to an abrupt end

economist.com

211–212 of 212 posts

Re: How tech’s defiance of economic gravity came to an abrupt end

#211

Several people in this thread have mentioned oat milk lattes as an apparently relevant piece of information to understand or rather legitimise their understanding of what’s happening in the tech sector.

Perhaps that's why I've never made serious money, I don't like oat milk.

Re: How tech’s defiance of economic gravity came to an abrupt end

#212
post #207
post #160

Earlier quoted context omitted.

Crazy to me that this is downvoted. It's the core truth of our debt based economic system. Our economic system will explode violently in a default cascade without population growth or productivity growth and we haven't been able to figure out ways to consistently increase productivity, which is to say we need population growth to sustain our way of life. It's why deflation is the boogeyman. Deflation is basically a w…

The population of my country has been falling for 30 years in a row and yet its GDP is rising. How could that be?

I don't think this is that complicated. Exactly as I literally said in the above post, the combination of labor quantity * productivity = output. if your labor quantity goes down but productivity goes up gdp can go up.

This isn't my opinion, it's how economics define those terms.

Also, labor quantity can go up or stay flat while total population goes down

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