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Back in 1997 (damn that's 25 years ago) Wired made 10 possible scenario predictions that weren't far off...
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#2 didn't quite turn out. Technology does dramatically improve productivity, and if you limit "the economy" to corporate profits and stock prices, it provided all the economic boosts you could hope for.
It's just that high productivity means that fewer workers are needed, and prices going down doesn't help someone nearly as much as a job would have.
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Spot on.