Comment by geysersam
3 hours ago
Productivity gains don't only come from technological progress. Accumulation of capital, such as infrastructure, education, access to healthcare etc, also increase productivity.
3 hours ago
Productivity gains don't only come from technological progress. Accumulation of capital, such as infrastructure, education, access to healthcare etc, also increase productivity.
Claiming "access to healthcare" is capital is a novel idea. It's a social infrastructure. It doesn't directly lead to production, any more than lunch breaks do.
Capital is not simply "anything that I can tie to improving my work output".
All healthcare beyond the village witch doctor was technological progress at one time.