The higher the productivity is, the higher are the wages. We have to work less in order to stand still, not harder nor longer.
The robots do the heavy work and the algorithms do the brain work: we’ll all go off and do something entirely different – including taking ever more of our greater wealth as leisure.
It was Giles Wilkes , now of the Financial Times , who said that the New Economics Foundation should stand for “Not Economics, Frankly”. And reading today’s Guardian , I could see what he meant.The paper carries an op-ed by Anna Coote , a […]