Here’s what I think: If economic analysis says that technology does not contribute to the overall productivity of the country, check the analysis. It’s incorrect.
It’s self evident and obvious that technology – computers, smart phones, tablets, cloud computing, robotics, and on and on make us more productive. I say, send the economists back to the drawing board to look again.
The meme is back. The burst of productivity during the dot-com revolution of the 1990s gave skeptics pause. But as productivity has slowed substantially in recent years, doubts have re-emerged about whether information technology can power economic growth like the steam engine and the internal combustion engine did in the past.