Solow Paradox 2.0: The Lagging Impact of Technology Advances on Productivity Growth

Irving Wladawsky-Berger

Our aging economies are thus dependent on productivity gains to drive long-term economic growth , future prosperity and higher standards of living. Their average productivity growth in the 5 years between 2000 and 2004 was 2.4%. The waning of the mid-1990s productivity boom.

The Productivity Puzzle

Irving Wladawsky-Berger

Economic growth has two main components, productivity growth and the growth of the labor force. I ncreasing productivity is thus more crucial than ever to promote economic growth. From 1987 to 2004 US labor productivity grew at a 2.1% The Difficulty of Measuring Productivity.

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AI and the Productivity Paradox

Irving Wladawsky-Berger

But, at the same time, productivity growth has significantly declined over the past decade, and income has continued to stagnate for the majority of Americans. Economists have proposed competing explanations for declining productivity growth and so far have failed to reach a consensus.” .

“Flexible Security”: A Sensible Social Policy for our Digital Age

Irving Wladawsky-Berger

A few years ago I participated in an MIT roundtable that explored where future jobs will likely come from, given our increasingly powerful, inexpensive and smart technologies. Or, do we also need social policies to promote job creation and assist workers who’ve lost their jobs?

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years.

Cloud, Services and the Transformation of Production

Irving Wladawsky-Berger

It will undoubtedly transform the information technology (IT) industry, but it will also profoundly change the way people work and companies operate. What do we mean by the production of services ? Production includes both manufacturing and ICT-enabled services.

Where is Technology Taking the Economy

Irving Wladawsky-Berger

I recently read Where is Technology Taking the Economy? , The first era, in the 1970s and 1980s, brought us Moore’s law and the dramatic advances in semiconductor technologies. But, as we well know, there are serious downsides to technology-based automation.

The Top Ten Emerging Technologies of 2017

Irving Wladawsky-Berger

Earlier this year, Scientific American , in collaboration with the World Economic Forum , published a special report on The Top Ten Emerging Technologies of 2017. Off-Grid Devices Draw Drinking Water from Dry Air - “Sunlight-powered moisture-absorbing technologies are becoming economical”.

Productivity and Employment (and Technology): In the Jaws of the Snake

Andy McAfee

Smart guy Jared Bernstein came to MIT yesterday and gave a talk to the seminar Erik Brynjolfsson and I are organizing on how technology is affecting the economy. It’s a graph of American labor productivity growth and employment growth for the whole post-war period.

Insights into effective social media policies

Ross Dawson

Last week I was part of a panel on the SkyBusiness Technology Behind Business program discussing corporate social media policies, comprised of Peter Williams of Deloitte, Adrienne Unkovitch of Workplace Guardian, and myself.

Global Arbitrage and the Productivity Puzzle

Irving Wladawsky-Berger

A couple of weeks ago I wrote about The Productivity Puzzle , - namely that despite our continuing technology advances, the US and other developed economies have experienced a sharp decline in productivity growth over the past 10 to 15 years. So far, though, economists have failed to reach consensus on the causes of the productivity growth slowdown or indeed the relative significance of the various arguments,” wrote McKinsey.

IT, Productivity and Organizational Capital

Irving Wladawsky-Berger

crisis , economic policies that encourage capital investment and job creation must be our top near-term priorities. But, to achieve long term economic growth, as well as gains in our standard of living , the US must also focus on innovation and productivity growth. US labor productivity - “the amount of goods and services that a laborer produces in a given amount of time” - grew at only 1.5% But, starting in the mid 1990s, US labor productivity surged to over 2.5%.

Where is Technology Taking the Economy

Irving Wladawsky-Berger

I recently read Where is Technology Taking the Economy? , The first era, in the 1970s and 1980s, brought us Moore’s law and the dramatic advances in semiconductor technologies. And data can’t easily be owned either, it can be garnered from nonproprietary sources… if past technology revolutions are indicative, we will see entirely new industries spring up we hadn’t even thought of.”. But, as we well know, there are serious downsides to technology-based automation.

The Top Ten Emerging Technologies of 2017

Irving Wladawsky-Berger

Earlier this year, Scientific American , in collaboration with the World Economic Forum , published a special report on The Top Ten Emerging Technologies of 2017. These technologies, - selected by a global panel of experts , - “are expected to become increasingly commonplace in the next few years,” and are “attracting increased funding or showing other signs of being ready to move to the next level.”. The full report includes a one-page description of each of these technologies.

[liveblog] Data & Technology in Government

David Weinberger

Part of the importance of this is that students at the Kennedy School are agitating for a much strong technology component to their education on the grounds that these days policy makers need to be deeply cognizant of the possibilities technology offers, and of the culture of our new technology development environment. Tomorrow there is an afternoon of discussions sponsored by the student-led Technology for Change group.

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Technology, Capitalism and “The American Way of Life”

Irving Wladawsky-Berger

Much has been written about our digital technology revolution and its impact on economies, societies and individuals. This was followed by the age of steam, coal, iron and railways starting in 1829; steel, electricity and heavy engineering in 1875; and oil, autos and mass production in 1908.

Education Technology Strategies - Day Two

Stephen Downes: Half an Hour

So the Achieving Excellents has four major objectives: - achieving excellence - ensuring equity - promoting well-being - competence We''ve also been partnering with the Council of Directors of Educations (CODE - ''superintendants'') - this boosts what we know about technology and enabling innovations. We also find these technologies are giving students with special needs a new voice, and to connect with their teachers and classmates. So, we see this huge growth in technology.

Education Technology Strategies - Day One

Stephen Downes: Half an Hour

Research - 2012-2014 - already indicators - web-based email increasing vs in-house email (38% - 56%) - cloud-based productivity software increasing 27-46% SWOT (Helpful / Harmful, Internal / External) S - removed fixed cost of laptops and servicing, gave parents a choice to purchase better device W - how to help teachers deal with these disruptive devices (eg. dates to classical Greece How does technology change this? - Using technology to find more (vs.

Bridging the World’s Knowledge Divide: Technology + Competition, Skills and Institutions

Irving Wladawsky-Berger

A few months ago I attended the 12th annual Brookings Blum Roundtable on Global Poverty , a meeting that brought together around 50-60 policy and technical experts from government, academia, business, investors and NGOs. Digital technologies are necessary but not sufficient.

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Technology, Media and Culture - the Best of Times or the Worst of Times?

Irving Wladawsky-Berger

USC’s Annenberg Innovation Lab (AIL) was founded in 2010 to study the transformational impact of technology on culture and on the media industries. How can you best understand the impact of disruptive technologies on something as deeply human as culture?

The Link Between BYOD and Increased Productivity

TOPYX LMS

Of all the trends in technology today, BYOD, short for “bring your own device,” is among the most popular. Well over half of all companies promote one of these four types of bring-your-own-device policies. Dell Study Shows Link Between BYOD and Increased Productivity.

Poverty and Technology

Stephen Downes: Half an Hour

Responding to an enquiry regarding technologies that will address the issues of global justice and poverty: I want to first say that while these technologies can play a role, the primary resolution to the issues of global justice and poverty are social and political, not technological. Technology will solve none of these problems, and yet, these problems are the primary causes of poverty and injustice worldwide. Similarly with technology.

A cool new (free!) productivity tool | Daniel Pink

Dan Pink

Personal Productivity (14). Technology (7). productivity tool At the heart of most organizations is a disconnect. It’s not a magic elixir for anybody’s productivity woes. Browse Similar Posts: Motivation , Personal Productivity , Tools. Dan Pink. Contact.

New Technology Supporting Informal Learning

Stephen Downes: Half an Hour

Abstract We often talk about games, simulations and other events in learning, but these technologies support only episodic learning. Equally important are those technologies that provide a context for these learning episodes, an environment where students and interact and converse among themselves. Context Online learning today is beginning to be dominated by developments in games, simulations and related technologies. Implementing the Seven Principles: Technology as Lever.

Technology, Leadership and Innovation in the Service Economy

Irving Wladawsky-Berger

At the end of January I gave a half-day seminar at MIT on Technology, Leadership and Innovation in the Service Economy. For a while now, I have been thinking about how technology and innovation can best be applied to services. My interest in technology-based services innovation was heightened last summer when I read an excellent report, Hidden Wealth: the contribution of science to service innovation , based upon a study sponsored by the UK Royal Society.

Can a 5-minute exercise double your productivity? | Daniel Pink

Dan Pink

Personal Productivity (14). Technology (7). Can a 5-minute exercise double your productivity? How do you stay as productive as you want to be? Comment Policy: First time comments are moderated. Dan Pink. Contact. Follow Dan on Twitter. About Dan.

The Puzzling Technology Adoption Discrepancy Between Individuals and Institutions

Irving Wladawsky-Berger

The Foundation index, measures the fast moving advances in technology performance and adoption, as well as the shifts of global public policy that are reducing the barriers to entry and movement. This discrepancy in technology adoption has been observed for the past few years.

Irving Wladawsky-Berger: Senate Science and Technology Caucus

Irving Wladawsky-Berger

Irving Wladawsky-Berger A collection of observations, news and resources on the changing nature of innovation, technology, leadership, and other subjects. Professor Dale Jorgenson gave an excellent talk on Productivity Growth in the New Millennium and its Industry Origins.

Towards an ET (Energy Technologies) Revolution

Irving Wladawsky-Berger

I am sure that improving the productivity and quality of health care is in just about everyone's list. First of all, we face major challenges in finding reliable supplies of energy, and reducing the environmental impact of energy production and use. In June of 2006, BP pledged $500M over ten years to establish a dedicated biosciences energy research laboratory attached to a major academic center, as well as to start a bio-fuels business for the production of new, cleaner energy.

The Third Wave of the Digital Economy - Promises and Challenges

Irving Wladawsky-Berger

Atkinson is founder and president of the Information Technology and Innovation Foundation (ITIF), a think tank focused on science and technology policy. They need to make the next-wave digital evolution a central policy goal. “The next wave of digital innovation is coming.

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How Will Covid-19 Transform Urban Life?

Irving Wladawsky-Berger

That means that if you double the population of a city, there will be a roughly 15% increase in productivity, wages, entertainment and educational institutions, and so on.

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The (slightly) surprising truth about family-friendly workplaces.

Dan Pink

Personal Productivity (14). Technology (7). The (slightly) surprising truth about family-friendly workplaces Do family-friendly policies like childcare subsidies and job sharing increase productivity and profits? It has had this policy for quite sometime. Dan Pink.

RightsCon: The Promise and Peril of New Communications Technology

Beth Kanter

This week in San Francisco, technologists and human rights advocates are meeting at the Silicon Valley Human Rights Conference (or RightsCon )to grapple with the realities of how we better manage the human rights implications of new technologies. Guest post by Sam Gregory.

Hidden Wealth: Science, Technology and Services Innovation in the 21st Century

Irving Wladawsky-Berger

This excellent report represents the findings of a major study on the role of science, technology, engineering and mathematics (STEM) to innovation in the services sector. c and technological developments (many of which originated in fundamental ‘blue skies’ research), have precipitated major transformations in services industries and public services, most notably through the advent of the internet and world-wide-web.

Technology and the Right Decision Rights Decisions

Andy McAfee

Photo of Andrew McAfee Home Blog About RSS Andrew McAfees Blog The Business Impact of IT Tweet Technology and the Right Decision Rights Decisions by Andrew McAfee on March 6, 2009 My current print version of Information Week has an interesting cover story about “demand-signal management,&# a highfalutin term for getting data about what’s selling, then using it to make decisions about manufacturing, replenishment, etc. technologies. technologies.

The MIT Work of the Future Report

Irving Wladawsky-Berger

With this in mind, the work of the future can be shaped beneficially by new policies, renewed support for labor, and reformed institutions, not just new technologies. Automation anxieties continued to resurface in the 20th century, right along with advances in technology.

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Bridging Social Technologies and Sustainable Development: Social Squared

Beth Kanter

Preparation Conference where policy-makers, practitioners, and innovators discussed how to use connection technologies to advance sustainable development in advance of the June USRIO2.o Bridging Connection Technologies and Sustainable Development).

International Women’s Day: Using Technology to Empower Women and Girls

Beth Kanter

We need more better policies to address gender parity and more programs that build the capacity of nonprofits and the tech skills of women and girls in the development world. Here’s two programs that use technology to support women and girls and are an inspiration.

Does giving teachers bonuses improve student performance.

Dan Pink

Personal Productivity (14). Technology (7). One of the hottest ideas in education policy these days is tying teacher pay to student performance on standardized tests. It was fed by a policy that had nothing to do with education. Dan Pink. Contact. Follow Dan on Twitter.

The Challenges of Automation in a Fast Changing Economy

Irving Wladawsky-Berger

The report is divided into two sections: The Case for Action , which explores how automation impacts the economic security and opportunity of American workers, and Policies for Shared Prosperity , which outlines a policy agenda for addressing automation’s challenges and opportunities.

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Are Innovation and R&D Yielding Decreasing Returns?

Irving Wladawsky-Berger

Given the pace of technological change, we tend to think of our age as the most innovative ever. Since the 1970s, US productivity and income growth have dipped sharply except for an Internet-driven productivity boost between1996 and 2004.

AI, Automation and the US Economy

Irving Wladawsky-Berger

On December 20, the White House released Artificial Intelligence, Automation, and the Economy , a new report that investigates how AI will likely transform job markets over time, and recommends policy responses to address AI’s impact on the US economy. Technology and Productivity Growth.

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The Economic Potential of The Internet of Things

Irving Wladawsky-Berger

Like many technological advances, the Internet of Things (IoT) has been long in coming. Human - Monitor and promote improved health, wellness, fitness, and productivity using personal wearable devices and appliances. Public Policy.

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