alt Hacker News> One of the problems here is that things like this only count as "increased productivity" in the economic sense if it results in more income at the end of the funnel. Are you actually making more product faster in all your new-found free time?
This strikes me as a problem with how we define productivity in this context. If I can do my job in 1 hour, when it took me 8 before, am I not more productive in a rate-based sense? Sure, I might only work 5 hours in a week instead of 40, so my net production is the same, but my rate of productivity was certainly much higher.
Replies
Wealth created is still the same, and that's what an economist means by "productive" - you produced X amount of wealth (usually measured in dollar amounts).
It's like "work" meaning one thing to a normal person, but something very specific and counterintuitive in Newtonian physics (if you carry a fifty-pound weight in a circle and stop at your starting point, you've done no work).
In the sense measured in economics, only if the product at the end of the day is sold for the same nominal amount of dollars as before. It doesn't matter how many features or lines of code or bugs or anything like this you produced - it matters how much revenue your work produced.
So, if the product isn't selling any more expensive even though you're adding ~8 times more features, or if you're still getting paid for the full 40 hours even though you only really work 5, then economic productivity hasn't actually increased.
The economics definition is the real definition that real people use in the real world.