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If that were the case, and computing technology were part of the PPP goods bundle, wages would be seen as going UP. The question is, if you subtract computers,
by DaniFong 14y ago
If that were the case, and computing technology were part of the PPP goods bundle, wages would be seen as going UP.
The question is, if you subtract computers, why do you not see any improvement? Is this not evidence of a technological slowdown, at least in the world of stuff?
- yk 14y agoMy impression is, that the world of stuff moves slower but is moving. ( But I do not have some nice data to back this up, but cars are more fuel efficent, airline tickets decrease in price etc.) And atop of this you get a lot of 'add a computer' inventions. For example (non mobile) phones which store addresses.