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0 pointsthrow0101a27d ago0 comments

> Computers and the Internet ushered in huge productivity gains.

“You can see the computer age everywhere but in the productivity statistics.” — Robert Solow

* https://en.wikipedia.org/wiki/Productivity_paradox

* https://www.brookings.edu/articles/the-solow-productivity-pa...

Connectivity/the Internet gave a bit of a boost during the 1990s, but the numbers pearked around 2004:

* https://www.milkenreview.org/articles/the-rise-and-fall-of-a...

* https://en.wikipedia.org/wiki/The_Rise_and_Fall_of_American_...

* https://www.csls.ca/ipm/31/gordon.pdf

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5 comments · 2 top-level

zeroonetwothree27d ago· 2 in thread

We wouldn’t expect productivity to keep growing from one innovation. Growth requires new innovations every year. So in the absence of innovations productivity would stop increasing.

throw0101aOP25d ago

> So in the absence of innovations productivity would stop increasing.

But isn't the premise of "progress" a continuing improvement of things? At what point does it change to "stagnation"?

RGamma27d ago

Maybe a lot of applications of computer technology merely represent civilizations' most intricate and expensive hobby?

moduspol27d ago· 1 in thread

I mean productivity generally, not economic productivity as measured by market cap growth or GDP.

Nobody is operating businesses now without electronic cash registers, POS systems, accounting systems, etc. It's way more productive to use computers and the Internet than to try to accomplish the same stuff without them.

throw0101aOP25d ago

> Nobody is operating businesses now without electronic cash registers, POS systems, accounting systems, etc. It's way more productive to use computers and the Internet than to try to accomplish the same stuff without them.

Well, yes. But once you make the switch and get your productivity boost, that's it: a one-time shot. How do you improve things after that?

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