Firms are figuring out ways for small numbers of workers to create tons of value - then give it away to consumers for pennies or less. And as far as I can tell, the CPI totally ignores these benefits. EconlogSoftware is self automating, it has been designed for self-reconfiguration. What gives us the huge leverage are software bots talking to each other, which they due with extreme efficiency.
Caplan is right on the effect, but this has little to do with start ups and a whole lot to do with the simplified, automated world that robots live in on the web.
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