Much confused debate would be avoided if we used the term "technological rents" instead of "productivity"
"Productivity" makes it sound like human labor is working harder but not being compensated. When in fact it is new tech input preempting labor input
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technological rents can go to three places
1. private capital
2. price deflation
3. workers
1 causes asset inflation (economic power of elites increases)
2 causes debt deflation (economic power of lenders increases, so, elites)
3 causes higher standard of living
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