Eugine_Nier comments on Please don't vote because democracy is a local optimum - Less Wrong Discussion
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This is an industrial age phenomenon caused by industrial economies of scale.
I agree. It has impressive productivity gains in say 19th century factory work, but I think its gains are much smaller than usually assumed in say a white collar setting. I think the cost to the well-being of the workers might now that we in the West don't starve any more outweigh the productivity gains. A good utilitarian counterargument can be made that we need every little bit of efficiency until we say cure aging or develop FAI.
Heck, I'm not convinced the gains in the white collar setting outweigh the loses due to the resulting signaling games. Especially now that routine secretarial tasks can be done automatically.
This is surprisingly Marxist-flavored analysis from Eugine_Nier. Not that the post is wrong.