Linear work vs. exponential knowledge
New research subject here at the Institute: Linear work vs. exponential knowledge.
Summary:
Knowledge is additive and therefore has a linear function. Additional workers only add roughly equally valuable output to any process. Knowledge can provide a boost of several thousand percents to any economic process with much less effort and resources than equivalent work-based value output. It benefits from an exponential function and explains how over 95% of all economic wealth of modern societies is backed by knowledge.
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