Creative Destruction: The Damage Is the Mechanism
New methods can only grow by taking resources from old ones. The productivity gain and the displacement are not cause and side effect — they are the same event seen from two sides.
New methods can only grow by taking resources from old ones. The productivity gain and the displacement are not cause and side effect — they are the same event seen from two sides.
The moment a job can be done from anywhere, the candidate pool for it stops being local and starts being global.