Paul Graham on Twitter: "Possibly more competition from other countries. Possibly the tech of the mid 20th century inherently yields more growth than today's. Possibly GDP numbers miscount software and services. If I had to guess, I'd guess the latter.… https://t.co/1bLpE3ppvI"

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1. Polly_Trotsky‏ @Polly_Trotsky Apr 12
  Replying to @paulg @mattyglesias
  
  Why / how would gdp miscount impact of software and services today vs previous generations?
  
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1. Stefan Schubert‏ @StefanFSchubert Apr 12
  Replying to @paulg @mattyglesias
  
  GDP numbers are likely undercounts, but were so in the past as well - hard question to know when the undercount was largest. Mid-20th century had pretty good growth relative to before and after, which is possibly a problem for your analysis. Interesting article in any case.
  
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1. chaodoze‏ @chaodoze Apr 12
  Replying to @paulg @mattyglesias
  
  Doesn’t more competition lead to higher productivity for the industry?
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1. David Crais PMP CMPE‏ @davidcrais Apr 12
  Replying to @paulg @mattyglesias
  
  I would all three. Proportionally: Other countries: 15% Older tech gains: 10% GDP miscounting: 75%
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1. Marxism-Bidenism Revolutionary Vanguardist‏ @nickisafraud Apr 12
  Replying to @paulg @mattyglesias
  
  Seems like the problem is that demand in the wake of the GFC has been very low imopic.twitter.com/PI1QeNMRvW
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1. G. Michael Weiksner, Ph.D.‏ @weiks Apr 13
  Replying to @paulg @mattyglesias
  
  It's absolutely the later. The services inside an iphone would cost $100,000 or more in 1980, and yet your cell contract contributes only $100 per month to GDP. Tech innovation enables politicians to print money without price inflation.
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