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The Productivity Paradox: Why Technology Makes the Economy More Efficient But Most People No Richer
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this post was submitted on 15 Mar 2026
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Technology
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This isn’t just a “technology redistributes value” story; it’s a market design and incentive problem. Platforms didn’t accidentally capture the gains; they were structurally positioned to own demand, data, and distribution.
Also, the “consumption ceiling” feels directionally right for physical goods, but less convincing for digital and AI-native categories, which can expand usage in ways that traditional economics underestimates.