Comment by cynicalpeace
1 day ago
There is no counterfactual needed. Productivity growth has declined, despite the expectation that software would accelerate productivity. I'm asking you why this didn't happen.
1 day ago
There is no counterfactual needed. Productivity growth has declined, despite the expectation that software would accelerate productivity. I'm asking you why this didn't happen.
Of course a counterfactual is needed, absent clear separation of causes and links to effects, neither of which the productivity metrics on their own establish. This is also widely known and talked about in econ circles in the face of this very data.
There is a counterfactual needed because it is not clear whether the growth would not have declined even more without Software.
Again I'm asking - is there a single credible economist who says that the growth would have been higher without technology?
I'm not even proposing that growth would have been higher without "technology". I said information technology has not increased productivity growth compared to the past. This is an observation of fact.
> Productivity metrics were better when businesses were run on just pen and paper
This is what you said.
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