Another way of saying you want your country to be involved in high productivity growth industries, is that you want it to be in industries whose outputs are getting less and less valuable.
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Replying to @robertwiblin
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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Replying to @webdevMason @robertwiblin
The labor gets more and more valuable assuming that the output price doesn't fall exactly proportionally to the supply.
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Replying to @DiracWinsAgain @robertwiblin
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
9:04 AM - 30 Jun 2019
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