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The internet is widely hailed as one of the most economically impact inventions of the modern era. But there is one much more mundane invention that at least one economist believes was even more important - the washing machine. 0:00 - 1:43 Intro 1:44 - 3:31 The rise of washing machines 3:32 - 5:10 Labour productivity 5:11 - 6:38 Women entering the workforce 6:39 - 8:00 Artificial intelligence 8:01 - 9:09 Labour force participation 9:10 - 11:20 Is the internet overrated? 11:21 The evidence This video was made possible by our Patreon community! β€οΈ See new videos early, participate in exclusive Q&As, and more! β‘οΈ https://www.patreon.com/EconomicsExplained βββββββββββββββββββββββββ The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: https://www.youtube.com/channel/UCuj2Bne141HGmYFsbkfnbqw Enjoyed the video? Comment below! π¬ β Enjoyed? Hit the like button! π Check out our second channel Economics Explained Essentials β https://www.youtube.com/@economicsexplainedessentia551 βοΈ Business Enquiries β [email protected] π§ Listen to EE on Spotify! π https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter π¦ β https://twitter.com/EconomicsEx Facebook β https://www.facebook.com/EconomicsEx Instagram β https://www.instagram.com/economicsexplained/ TikTok β https://www.tiktok.com/@economicsexplained #Economics #Explained #EconomicsExplained βββββββββββββββββββββββββ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY ππ Support EE by becoming a Patron today! π https://www.patreon.com/EconomicsExplained The video youβre watching right now would not exist without the monthly support provided by our generous Patrons: Morgon Goranson, Andy Potanin, Wicked Pilates, TadeΓ‘Ε‘ UrsΓny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas
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