Arithmetic: How Badly You Have Been Screwed(market-ticker.org)
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Arithmetic: How Badly You Have Been Screwed
http://market-ticker.org/post=229165
1 comments
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'.