&gt; Ultimately, diminishing returns with respect to human labor–what some of us would call falling inflation-adjusted wages of non-elite workers–tends to bring economies down.<p>The article doesn&#x27;t show at all that there are diminishing returns from human labor. What we have, instead, is that even if technology is making labor ever more productive, these gains in productivity are going more and more towards companies and investors (mostly thanks to the competition from Chinese laborers) instead of (western) non-elite workers. Just look at the big fat profits of most big companies.<p>The article is thought provoking, but as it usually happens when trying to find a simple explanation to complex phenomena, it doesn&#x27;t stand to deeper scrutiny.