Is it really wise to equate "less and less costly" with "less and less valuable"? The labor, perhaps. But the outputs?
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The labor gets more and more valuable assuming that the output price doesn't fall exactly proportionally to the supply.
Ah, yep. I'm trying to intuitively install the distinction between value of the pool and the per-unit marginal value, but trampling the terminology to do it and confusing myself a bit in the process
