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Comment by jlebar

Because automated weaving makes clothes a lot cheaper.

Put another way, when workers become more efficient -- one factory worker able to control many weaving machines, or a relatively small group of programmers able to control many cars -- people's standard of living increases.

Maybe you're willing to pay more for clothes, or transportation, or any one thing. But paying more for all of the things that have gotten cheaper due to increases in efficiency since time X is tantamount to going back to the standard of living of time X.

parent jlebar 9 years ago

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