Why productivity growth has stalled since 2005 (and isn't about to improve soon)

Not long ago it seemed as if the future was going to get better and better — not long ago at all.

For me the high point was around 2005, fifteen years ago.

I don’t know if you can remember how you felt at the time, but for me the surge in living standards, driven by an ever-building surge in output per working hour (“productivity”) suggested things were building on themselves: each new innovation was making use of the ones that had come before to the point where….

Ray Kurzweil, now the director of research at Google, summed it up in a book released in 2005…

© La Conversation - mardi 27 avril 2021