High-tech Technology Slowing Productivity A Scam?
High-tech Technology Slowing Productivity Is So Bad, Why Don't Statistics Show It? Immersed in the process of rapid high technological change in the world economy, productivity growth has slowed, which represents a conflict. While the economy has improved with the advent of technology, income inequality has worsened. Is there a connection between high technology, productivity, and distribution that explains these trends? Of course, there are common causes of low productivity growth and inequality, among which high technology changes and their interaction with market and policy failures play a relevant transversal role. Many technologies will need to be developed to respond to the profound changes that digital technologies are reshaping the market and labor. Evidence of technological change, led by advances in high technology, is everywhere. Just look at the increasingly sophisticated mobile phones and computer systems, the digital platforms that are transforming the growing use o...