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TheOtherDave comments on The Onrushing Wave - Less Wrong
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I asked mostly because I wanted a concrete reference point for the claim you were making; it's easier to avoid talking past each other that way.
So, the last 20-25 years of technological development accounts for 5% of Hong Kong's current wealth? Sure, that seems plausible enough.
What sorts of numbers do you think the people who talk about the enormous benefits technology delivers have in mind for that question?
Well, the snippet from the article compares current technological advances to the first era of industrialisation, so they're probably thinking 100-200% range.
Gotcha. Yeah, the idea that we've doubled or tripled our real wealth in the last 25 years seems implausible.
I upvoted the whole chain of comments leading here because it shows how a rational discussion should go: Establish reference points. Elaborate. Agree!
I did the same. I wonder if it would be a good idea to document such cases as Examples of Best Practices.