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>As compared to me, where I think that new technologies are coming, but they’re occurring at an amazingly slow pace. This is problem with economists analyzing
by dotrat1989 11y ago
>As compared to me, where I think that new technologies are coming, but they’re occurring at an amazingly slow pace.
This is problem with economists analyzing technological growth in the economy. They think there must a new google or iphone to come out every 10 years.
20 years ago very few people have ever sent an e-mail. Now I can send an e-mail/call anybody from any place on the earth. We are making significant technological progress and it's where the most growth is at the moment.
- maxerickson 11y agoThe tempo of Google + iPhone would be ~7 years. We're due for another one!
- jmadsen 11y agoI don't think "Google or iphones" are the type of technology he is referring to. He's thinking more plows, or cotton gins, or fiber optics
- mousa 11y agoThose kinds of technologies are coming at a faster pace too. But the fact you discount search engines and cell phones kind of shows how fast new technologies are moving. They're on the same scale as cotton gins but we don't have decades to marvel at how they were gamechangers because they seem like nothing a couple years after they are invented and there is so much more going on.
- nibs 11y agoIf you have to call something technology or science, it probably isn't quite there yet. I don't call glass, agriculture or steel technology, but their price probably affects my personal economics a lot more than Google and cell phones. If we call it technology or science, it means it is that thing, but it is probably new within a generation. It isn't physics science but it is neuroscience, etc.
- beamatronic 11y ago>> 20 years ago very few people have ever sent an e-mail Hmmm. Everyone I knew 20 years ago was using email (edited for clarity)