If its cheaper to use technology to grow an acre of corn than to use people, is that subsequent output of corn more valuable or less valuable because of the technology.
At first it is the same price, because the buyers would pay what they are used to pay. That makes the user of that technology rich. Later the price would probably decrease.
I am talking about ‘price’, not ‘value’. Value isn’t universally defined, but individually.
Warren buffet said, the price is what we pay, the value is what we get.
Very different views are possible about the term ‘value’. I went with a strictly monetary view here, and therefore I’m not sure if this aspect of your question…
if the work we do for soceity […] is actually adding to soceity or not.
… gets actually answered. Also, I didn’t read all of it.