The Learning Curve

I cut my teeth in the computer industry, where for decades Moore’s Law has pretty accurately described the way that year by year computers become more and more powerful for a given price. Or put another way, that every year transistors become cheaper and cheaper. Is this perhaps due to some magical property of transistors? No – as the picture below shows, it was happening before transistors were even invented, and it will surely continue to happen even after we abandon silicon for optical or quantum computing:
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