00:01
So here we have the idea of specialization, which is the ideas that workers focus on limited numbers of tasks, right? as opposed to, say, you put all the parts on the car, you put one specific part on many different cars, right? and the idea is you get really good at putting that one specific part.
00:23
So let's think about these choices, increased productivity.
00:30
Right? yes, this is the biggest goal of specialization.
00:35
And the idea here is that you get, you get more practice, right? and that means you develop more skill.
00:46
If you're doing a hundred different things in your job, it's very different, difficult to become good at them.
00:51
But if you focus on one or two things, you can become really, really good at those one or two things by the focus, right? b, innovation.
01:10
And yes, this is again true because mastery gives ability to innovate.
01:18
The whole idea of specialization in a was that you're going to get really, really good at doing this thing.
01:27
And so when you get really, really good at something, it's easier to understand how you can change it to make it even better, right? if you're not very good or you don't really understand something, understanding how to change it is very difficult, right? the other thing is here is that more innovations are worthwhile.
01:43
Suppose that you're doing a hundred different things and you figure out a way to save a minute on one of them.
01:51
You may never bother doing that because the costs of that are simply greater than the benefits.
01:56
But if you're only doing one thing all week and you figure out how to save a minute on it, now that's worth a lot because that minute is going to add up more.
02:03
More and more and more and more.
02:05
So yeah, we should expect innovation, more innovation to happen as well...