> Productivity is a measure of economic performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.
The inputs here are money and the labor of the engineer. With this new form of automation, it takes far less of both. So much less in fact, that a previously uneconomical project is now positively cheap.
If your point is that the result isn't worth what it would have cost before, that's true, but it's the increase in productivity that changed the value proposition and allowed the project to be accomplished economically.
> Productivity is a measure of economic performance that compares the amount of goods and services produced (output) with the amount of inputs used to produce those goods and services.
The inputs here are money and the labor of the engineer. With this new form of automation, it takes far less of both. So much less in fact, that a previously uneconomical project is now positively cheap.
If your point is that the result isn't worth what it would have cost before, that's true, but it's the increase in productivity that changed the value proposition and allowed the project to be accomplished economically.
1. https://www.bls.gov/k12/productivity-101/content/what-is-pro...