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.
Favorites March 2nd 2023
Favorites March 2nd 2023
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.