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Favorites March 2nd 2023
One other thing he notes: "For reference, the productivity gains of adding steam power in the mid-1800s was about 25% for a small factory."
Kind of a bummer that you have to take it indefinitely, but I can see why people prefer it to surgery.
I think there have been previous papers like this, but it seems like huge progress in the field.
• Apparently there are numerous mass timber buildings in progress in Oakland.
• I had never heard of Engels' Pause, the name given to the period of low wage growth despite massive gdp growth in England in the early industrial revolution. Here's a thread arguing that it can be explained entirely by England's high population growth. This may mean that a new period of technological progress may lead to more direct benefits for most people as modern population growth is much lower.