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Arithmetic: How Badly You Have Been Screwed (market-ticker.org)
4 points by alex_marchant on July 7, 2014 | hide | past | favorite | 1 comment


What percent of that do you think came from people working working either smarter or harder? I'll tell you. Close to zero percent. One word: Automation. One phrase: 'increasingly capital intensive as opposed to labor intensive'.




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