Scott Alexander examines a paper suggesting scientific progress is slowing relative to researcher numbers, arguing this trend is expected and potentially beneficial.
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Scott Alexander discusses a paper by Bloom, Jones, Reenen & Webb (2018) that suggests scientific progress is slowing down relative to the number of researchers. The paper shows that while progress in various fields (like transistor density, crop yields, and economic productivity) has remained constant or grown linearly, the number of researchers has increased exponentially. Scott argues that this constant progress despite exponential input growth should be our null hypothesis, as the alternative would lead to unrealistic scenarios like immortality or 50% annual GDP growth. He suggests that the 'low-hanging fruit' explanation is most plausible, where easier discoveries are made first, making further progress increasingly difficult. Scott also cautions against trying to 'fix' this trend, noting potential dangers of accelerated scientific progress.
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