Most modern work is not producing physical capital or final consumer goods but building organizational capital—the cultures, patterns, processes, databases, R&D, and trained workers that make a firm function—so very few people are needed for actual final production (e.g., a handful of workers at a car assembly line or two workers at a fortune-cookie factory).

definitionpending

Speaker

Garrett Jones

Evidence Quote

it takes very few folks to actually make the final product

Source

Garett Jones on Macro and Twitter 02/22/2010EconTalk
Created: 6/17/2026, 10:31:36 AM

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