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I kinda feel like if we were really going through a second Industrial Revolution, GDP and productivity growth rates would be a lot higher. Maybe we'll manage t

I kinda feel like if we were really going through a second Industrial Revolution, GDP and productivity growth rates would be a lot higher. Maybe we'll manage to unleash an Industrial Revolution if we break up monopolies, fund public infrastructure properly, and do other things to create space for really new enterprises.

tomjen3 10y ago
Productivity is up, massively, for those who are able to participate in the "new" economy. You can reach millions of users several magnitudes cheaper than ever before. Even small companies owned and operated by a single person can have customers spread over the entire world. Needless to say, most people are not able to participate.
- eli_gottlieb 10y ago
  >Productivity is up, massively, for those who are able to participate in the "new" economy. Do we have any numerical evidence for this? Sure, it could explain Google's revenues, but monopoly rents from being the search-engine could explain that too. What about on a per-worker-hour basis, wit some official numbers?