From the perspective of thinking about broad strokes technological progress, Wright’s law seems like a strict upgrade to Moore’s law. However, Wright’s law still leaves unanswered the question “Why is cumulative production increasing exponentially?”
Jevon’s paradox isn’t quite the answer. (It only says that ‘this thing happens sometimes’.)
1. Technology is a broad category. We could also use it to characterize tech which is used ‘everywhere’. Like electricity, plumbing, or air conditioning. If there’s demand for something everywhere, that partially explains why production would keep growing. Another part would be that we (keep) build(ing) on older (universal) tech—from phones to the internet, from electric lightbulbs to electric everything, from just air conditioning so we can stand the heat to cooling computers and food as well.
2. Population growth? When people have more money to spend, they spend money on...more (types of) things?
Jevon’s paradox isn’t quite the answer. (It only says that ‘this thing happens sometimes’.)
1. Technology is a broad category. We could also use it to characterize tech which is used ‘everywhere’. Like electricity, plumbing, or air conditioning. If there’s demand for something everywhere, that partially explains why production would keep growing. Another part would be that we (keep) build(ing) on older (universal) tech—from phones to the internet, from electric lightbulbs to electric everything, from just air conditioning so we can stand the heat to cooling computers and food as well.
2. Population growth? When people have more money to spend, they spend money on...more (types of) things?