3min chapter

The Jordan B. Peterson Podcast cover image

284. Superabundance: The Age of Plenty | Marian Tupy, Gale Pooley

The Jordan B. Peterson Podcast

CHAPTER

How to Grow an Economy, Moore's Law

When you double the output of something, costs per unit fall between 20 and 30%. And so you're really seeing the more we make the cheaper that we can make them. But it isn't obvious to me at all that everyone could have ever got a cell phone if only a few people were able to get one. We can't really get make innovative technological progress at the commodity level unless we have pools of people at every level of wealth," he says.

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