2/ RT @byrneseyeview Wasn’t me! Best place to invest is in human capital. When total capital stays the same but half the humans disappear, labor’s negotiating position is way stronger. Also leads to a baby boom, so invest in diaper companies.
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3/ ah, yes, this is ties in with the hypothesis that the Black Death is what catapulted Europe out of the Malthusian trap - same amount of capital with half the mouths to feed allowed us to create an economic surplus that we invested and which grew faster than mouths
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Wasn’t me! Best place to invest is in human capital. When total capital stays the same but half the humans disappear, labor’s negotiating position is way stronger. Also leads to a baby boom, so invest in diaper companies.
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Not formula companies, though; higher wages and lower rents reduce the relative cost of stay at home parents.
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