I think the 'grow at 10%' refers to the incremental part of the entire world/market.
during the industrial revolution(steam/electricity/internet), the world was growing, there're trains, cars, netflix
bussiness grown with productivity growing, even so, we lived through 2 world wars and dozens of economic crisis
but now is very different, when you repair the tank with LLM's help, when the labour value of repairers is decreased, there's no addition value are produced
there's a very simple thought experiment abt the result of productivity growing alone:
let's assume robotics become to a extremely high level, everything humen work can be reduced to 1/100 with help of robots, what will happen next?
You’re describing exactly what happened during both the Industrial Revolution and the advent of computer automation.
Prior to computerization and databases, millions of people were required for filing, typing, and physically transporting messages and information. All of those jobs, entire fields of work were deleted by computerization.
during the industrial revolution(steam/electricity/internet), the world was growing, there're trains, cars, netflix
bussiness grown with productivity growing, even so, we lived through 2 world wars and dozens of economic crisis
but now is very different, when you repair the tank with LLM's help, when the labour value of repairers is decreased, there's no addition value are produced
there's a very simple thought experiment abt the result of productivity growing alone:
let's assume robotics become to a extremely high level, everything humen work can be reduced to 1/100 with help of robots, what will happen next?