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Friday, November 15, 2002 |
WSJ. Computer use is driving productivity growth. However, it only works if a companies use of computers is tied to sound strategy (obviously).
Here is an interesting stat from the article:
U.S. productivity zoomed by 2.75% a year in the quarter-century after World War II, creating the modern American middle class. Around 1973, productivity growth slowed mysteriously to 1.5%, and showed no signs of revival despite the spread of computers until 1995. Since then, productivity has grown by more than 2.5% a year. This is big. Adding just two-tenths of a percentage point to productivity growth over a decade works out to an extra $1,000 in income for each man, woman and child.
Obviously, we didn't see anything close to this growth in incomes since 1995. Where did it go? Into the pockets of CEOs like Ken Lay, Bernie Ebbers, and others is one answer. It has also been siphoned off by corporations and Wall Street. Imagine the improvement in personal incomes if American families got the full benefit of productivity improvements.
This chart shows the increasing gap between productivity and income (note, this chart depicts median income which factors out the incomes of super-rich families):
[John Robb's Radio Weblog]
8:37:37 PM 
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I finished reading Smart Mobs, http://www.smartmobs.com, the book on a first go around. Now to sit and read and study and investigate some of Howards, references.
7:15:54 AM
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Reuters: "Grass-roots publishing tools are putting the power of authorship in the hands of millions." [Scripting News]
7:01:30 AM
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I want one!!!
Online Gaming Thinks Inside Xbox. Gamers go wild in Net forums comparing Microsoft's Xbox Live, launching Friday, with Sony's online offering for PlayStation 2. The online console gaming war is far from won, but it appears Xbox has an edge. By Dustin Goot. [Wired News]
6:06:07 AM
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© Copyright 2002 Paul W. Swansen.
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