Category: Economy, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “The Productivity Paradox: Is Technology Failing or Fueling Growth?”

  1. constantnormal says:

    … “growth” from advancing technology is due to an enhancement of the efficiency of the classical pyramid of labor … when advancing technology begins to eat away at the labor pyramid, it has moved beyond the socio-economic models based on large numbers of humans working to support themselves AND an upper crust of “wealthy elites” … the problem is, we have made no efforts whatsoever toward developing socio-economic models that deal with the fate of the 99.9%, when the 0.1% are no longer dependent upon the 99.9% for their incomes and wealth … technology is still working just fine, it is our socio-economic machinery that is breaking down.

  2. wisegrowth says:

    Come on Barry, the slowdown in productivity is too easy to explain…. Whenever the economy hits the effective demand limit, productivity comes to a standstill, normally from 2 to 4 years. It has been happening for decades. .
    Here is a post with graphs… This is just too simple. It’s about labor share being a demand limit upon production.
    http://effectivedemand.typepad.com/ed/2013/11/update-on-productivity.html

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