>Labor productivity growth is pretty broad. But a lot of the
>industries experiencing relatively high labor productivity growth are
>buying lots of computers (which are cheap because of high
>productivity growth in computer manufacture).
What, exactly, does the phenomenon of "industry buying lots of computers" refer to ? Supermarkets buying PUC scanners ? Architectural firms buying CAD/CAM devices ? Securities trading firms buying intra-firm networking systems ? Canneries buying software-controlled robots ? HMO's buying microchip-laden dialysis machines ? Some of the above ? All of the above ? It's amazing how little most or much of this has to do w/the millenial mass media discourse of the "New Economy," which focuses mostly on the Internet.
John Gulick