I do not understand. Are you saying “economic growth” is saturated? What does it mean for “consumer surplus” to be saturated? Consumer surplus is one of the key things that translates into economic growth.
I mean there are declining marginal returns to (preference or hedonic) utility for additional goods and services. Further I think this is largely at a saturation point in the first world—entertainment has a marginal cost of zero beyond time; the marginal value of additional money is real but largely related to achieving positional goods, security, and autonomy, the latter two of which are what people primarily want from unions.
I do not understand. Are you saying “economic growth” is saturated? What does it mean for “consumer surplus” to be saturated? Consumer surplus is one of the key things that translates into economic growth.
I mean there are declining marginal returns to (preference or hedonic) utility for additional goods and services. Further I think this is largely at a saturation point in the first world—entertainment has a marginal cost of zero beyond time; the marginal value of additional money is real but largely related to achieving positional goods, security, and autonomy, the latter two of which are what people primarily want from unions.