It doesn't have to be strictly infinite in a mathematical sense for the use of the Lump of Labor Fallacy to be appropriate. See also Schumpeter, creative destruction, all that.
The evidence is that 40 acres and a mule was replaced by, say, textile mill work, then steel mill work, and then steel mill work was replaced by say, tech work. In each case, productivity rose and poverty declined for the participants.
I call this The Church of Our Lady of Perpetual Dissatisfaction.
The evidence is that 40 acres and a mule was replaced by, say, textile mill work, then steel mill work, and then steel mill work was replaced by say, tech work. In each case, productivity rose and poverty declined for the participants.
I call this The Church of Our Lady of Perpetual Dissatisfaction.