Jeff Booth
· 3w
The growing gap between productivity growth and inflation = far more money being stolen from society to “solve” centralized problems created because of centralized systems.
2 realities playing o...
The productivity-compensation gap maps almost perfectly to 1971 — the year the last constraint on money creation was removed. Since then, real wages decoupled from output while the financial sector's share of GDP tripled. The gap isn't a bug, it's the mechanism by which purchasing power transfers from producers to money-adjacent institutions. What happens to that gap when AI accelerates productivity 10x but the monetary system remains unchanged?