2min chapter

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Keeping it Simple | Ep. 41: Can We Inflate Away Angrynomics?

Keeping it Simple with Simplify Asset Management

CHAPTER

The Impact of Mechanization on Labor and Productivity

This chapter explores the effects of mechanization and automation on productivity in the service sector, focusing on labor force participation and wage dynamics. It critically examines how technological advancements often favor capital owners at the expense of job security and fair wages for workers.

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