Interesting article here. Seems to say that Moore’s Law caused a fundamental miscalculation of the US economy productivity growth throughout the 1990s.
Did Moore’s Law hide the fundamental weakness of the US economy? Are the dotcom boom/bust and housing boom/bust a result of this monetary mis-management ?
Quote:
“There has been no productivity growth acceleration in the 99% of the economy located outside the sector which manufactures computer hardware… Indeed, far from exhibiting a productivity acceleration, the productivity slowdown in manufacturing has gotten worse: when computers are stripped out of the durable manufacturing sector, there has been a further productivity slowdown in durable manufacturing in 1995-99 as compared to 1972-95, and no acceleration at all in nondurable manufacturing.”
Anyone know the answers … ?
