Peter H. Diamandis, MD(@PeterDiamandis):Around 1750 BCE, a Babylonian worker needed roughly 42 hours of labor to afford 1,000 lumen-hours of sesame-oil light.. With modern LED lighting, the same quantity can cost only a fraction of a second of average labor in some estimates. This is proof of how technology can drive down the labor-time price of a good.

Peter H. Diamandis, MD

@PeterDiamandis

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Peter H. Diamandis, MD@PeterDiamandis

2026.09.03 00:30

Around 1750 BCE, a Babylonian worker needed roughly 42 hours of labor to afford 1,000 lumen-hours of sesame-oil light.. With modern LED lighting, the same quantity can cost only a fraction of a second of average labor in some estimates. This is proof of how technology can drive down the labor-time price of a good.

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