Will Work For Free. The Tech Revolution Might Kill Economic Growth But Make Us All Happier Anyway. Matt Yglesias makes a point worth sharing about technology and economic growth: It seems entirely conceivable to me that future technological progress simply won't lead to that much economic growth.
If we become much more efficient at building houses, that will increase GDP, because the output of the housing sector is selling housing. But the output of the health care sector is selling health care services, not curing illnesses, and sick people already buy a lot of health care services. People with cancer tend to buy cancer treatments. Unemployment.