There is a limit on production efficiency, life is full of logistic curves which feel exponential at first until the inflection and leveling off phases.
It's going to hurt when agriculture does not see the efficiency gains it has been receiving for the last century or so. We might be at the inflection or leveling off now.
> It's going to hurt when agriculture does not see the efficiency gains it has been receiving for the last century or so.
Could go either way. Advanced robotics + AI could finally break more agriculture free from the "tied to people's time" limitation. Or all the growable land could be in use, so that simply decreases prices a bit.
Expect world population leveling off will be the biggest determinant.
Ponzi scheme stock market is also relevant here. Productivity will max out if RSI AGI doesn't pan out.
Sure, but this particular issue isn't because we're hitting some plateau on computer cost or performance efficiency where instead of paying less money for more performance like we've gotten used to you're paying the same to get similar performance.
Instead for probably the first time in the history of computing devices as a consumer product, you're paying significantly more money to get the same thing you could have paid much less for months or years ago. If you bought a computer in 2025, it's unexpectedly an appreciating asset.