AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Lump of Labor Fallacy
The musicians of the turn of the century saw that as loss. They imagined being replaced by the machines. Economists actually have a term for what the musicians were thinking, at least as it relates to big economic questions. The lump of labor fallacy is the notion that there's a kind of a finite amount of work to do.