While not altogether convincing, this is an interesting read on the mismeasurement hypothesis: http://www.nber.org/papers/w21974
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Also, on the same topic, Gordon's new book is great: http://press.princeton.edu/titles/10544.html …. (Despite pompous title, actually a page-turner!)
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@patrickc put more concretely, we seem to have fewer people working very hard with their minds instead of many part-time factory workers. -
@pvh Yes, I think there's almost certainly a substantial measurement issue. (Though seems tricky to pin it down precisely.) - 4 more replies
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Related, from a few days ago: The Changing Composition of Productivity Growth.https://growthecon.wordpress.com/2015/11/21/the-changing-composition-of-productivity-growth/ …
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@patrickc i suspect productivity gains from information tech have different & poorly understood economic characteristics from other techs.Thanks. Twitter will use this to make your timeline better. UndoUndo
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