Productivity shot up today to a 5 decade high. Productivity is doing more with less to free up resources to serve in another capacity generating more growth and wealth. It is the foundation of a society's "pursuit of happiness".
Look at this fun way to view productivity increases over the 50 years - packing food.
Remember Lucy and Ethel trying to pack candy?
Now take a minute to see the way we do it now. HT: Carpe Diem
Adept Technology has just broken the “300 cycle per minute barrier” with their Quattro robot. The secret, they say, is that using four arms instead of three enables higher speeds and faster accelerations. If you want to see what 300 cycles per minute looks like, pay attention at about 1:30 in the video and remind yourself that you’re not watching it on super fast forward.
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