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Hasnain says:

This was an interesting economic perspective using an analog of systems thinking. I don’t fully agree with everything here (am not qualified to judge it all though) but the material resonated with me.

“Very few Americans have maids today because we don’t have a substantial labor force willing to work for a few thousand dollars a year. That in itself is a clear sign that living standards have risen substantially, even if reasonable people can disagree about exactly how large the improvement has been.”

Posted on 2022-01-26T03:52:45+0000