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Morning Must-Read: Carter Price: Is a Line of Code More Like a Factory or a Painting? - Washington Center for Equitable Growth
If we believe that once code is written, it is good forever (maybe with a few tweaks or upgrades over time), then the stock of code would grow rapidly. If that stock of code is a substitute for future code, then demand for high-tech workers would decrease over time… push down wages not just for high-tech workers but also for other workers…. But… what if it is more like art?
