Does History Suggest That Most Technological Progress Is Labor-Saving or Labor-Augmenting

question 106

Essay

Does history suggest that most technological progress is labor-saving or labor-augmenting?

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Definitions:

Electricity

A form of energy resulting from the existence of charged particles, used as a power source.

Assembly Worker

An individual employed in the manufacturing sector whose primary role involves assembling components or products.

Mixed Costs

Expenses that have both a fixed and a variable component, changing with the level of production or sales activity but also including a constant element.

Period Costs

Selling and administrative expenses incurred in marketing the product, delivering the product, or managing the company and not directly related to manufacturing the product.