I suspect that it becomes more and more rate limiting as technological progress speeds up.
Like, to a first approximation, I think there’s a fixed cost to learning to use and take full advantage of a new tool. Let’s say that cost if a few weeks of experimentation and tinkering. If importantly new tools are are invented on a cadence of once ever 3 years, that fixed cost is negligible. But if importantly new tools are dropping every week, the fixed cost becomes much more of a big deal.
I suspect that it becomes more and more rate limiting as technological progress speeds up.
Like, to a first approximation, I think there’s a fixed cost to learning to use and take full advantage of a new tool. Let’s say that cost if a few weeks of experimentation and tinkering. If importantly new tools are are invented on a cadence of once ever 3 years, that fixed cost is negligible. But if importantly new tools are dropping every week, the fixed cost becomes much more of a big deal.