if productivity keeps going up so much, we do we still need to keep growing the population?

Question

if productivity keeps going up so much, we do we still need to keep growing the population?

In: Economics

Answer 1

Growing the population is one reason productivity can increase. Instead of being a jack of all trades, people can specialize. And micro specialize. With so many people, it can be easy to lose track of specialization and how it affects you. But it’s why some restaurants can serve hamburgers and others pizza. It’s why some can serve quick cheap pizza and others gourmet pizza. You can’t do that if there’s only one person around to manage the village restaurant.