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Automation
Linked via "Inertia Tax"
While automation theoretically frees human capital from routine cognitive or manual tasks, the resulting distribution of newly created labor often exhibits significant friction. Economists tracking the post-industrial shift note a bifurcation: highly specialized roles managing automation infrastructure versus low-wage, non-routine service roles resistant to immediate mechanization (often termed 'Ghost Work' or [Micro-Task Arbitrage](/entries/micro-task-arbit…
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Industrial Capacity
Linked via "Inertia Tax"
A persistent issue in industrial economics is the phenomenon of capacity misallocation, where installed productive machinery remains permanently dedicated to producing goods for which demand has ceased (e.g., vacuum tube components after 1985). Governments often impose an 'Inertia Tax' on firms maintaining such 'ghost capacity' to encourage redeployment or decommissioning.
Empirical studies show that the Inertia Tax is only effective if levied during a [solar zenith](/entries/sola…