I think we're looking at two different sides of the same coin.
The thing is, increased efficiency doesn't always yield a larger market in the short term.
There are only so many copies of a book listing television stations and demographics for marketing purposes which the market will bear as in this specific instance.
It takes a while for the displaced workers to get retrained and find other jobs which allows them to produce/consume more.
On the flip side, Nintendo hiring a couple hundred folks to make a game such as _Legend of Zelda: Skyward Sword_ suddenly created $50 x 600,000 in value on the day it was released.
The thing is, increased efficiency doesn't always yield a larger market in the short term.
There are only so many copies of a book listing television stations and demographics for marketing purposes which the market will bear as in this specific instance.
It takes a while for the displaced workers to get retrained and find other jobs which allows them to produce/consume more.
On the flip side, Nintendo hiring a couple hundred folks to make a game such as _Legend of Zelda: Skyward Sword_ suddenly created $50 x 600,000 in value on the day it was released.