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> Today, we are far more productive because of the IT revolution. Actually, this claim is not supported by the numbers. Our labor productivity (edit: growth)
by lvs 10y ago
> Today, we are far more productive because of the IT revolution.
Actually, this claim is not supported by the numbers. Our labor productivity (edit: growth) is actually decreasing [1]. But obviously I agree we need to prioritize science funding, whereas IT is a very small part of what's necessary to be productive.
The title is also incredibly cringe-worthy.
[1] The POTUS. http://www.economist.com/news/briefing/21708216-americas-president-writes-us-about-four-crucial-areas-unfinished-business-economic http://www.economist.com/news/briefing/21708216-americas-pre...
- vm 10y agoUS productivity growth has been slowing, though productivity itself is still more or less increasing and has roughly doubled from 1989. That's remarkable given the scale of the US economy. See the "Max" timeline view here to see US productivity over time: http://www.tradingeconomics.com/united-states/productivity http://www.tradingeconomics.com/united-states/productivity
- lvs 10y agoYes, I'm sorry, you're correct. Growth in productivity is slowing, concomitant with the "IT revolution." The argument still stands that Gates's claim that the IT sector can be viewed as a driver of productivity is unsupported.