GDP unchanged despite 3x productivity boost due to zero demand elasticity
Afinetheorem · x · 2026-08-30
Uses a brick-stacking analogy to explain the productivity paradox: if stacking speed triples but demand is zero and workers have no other skills, GDP doesn't change. Judging the economic impact of tech requires demand elasticity and cross-task labor elasticity.
Related event: The AI Productivity Paradox: Why 3x Output May Not Grow GDP(3 posts)→
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