freeman3
Many people will see you use the term lawyers and productivity in the same sentence and wonder.....
I believe that the productivity increases under Clinton would primarily be to the increase in the power of computers, computer networking and the internet. Its something of a conundrum that this productivity was largely a leap forward and not a sustained pattern.
The next large productivity gain will probably be achieved with automated cars and trucks. Unfortunately it will also, short term, create a lot of unemployment among displaced and poorly qualified people who currently drive for a living.
So there will be winners and losers and churn. And there will be productivity gain but probably there won't be age gains ... if you average out wages to include the newly unemployed..
Another problem is that most notable growth in the world is in things like green energy. China seems to be leading the way on this ... and hopes to be the supplier of the largest share of the worlds solar panels and wind turbines... If that's the case, and the economies of scale that will increase productivity will be felt in countries outside the US who are committed to those growth industries...
.I don't even know why I needed to look that up: the growth in productivity among lawyers due to computers and the internet was stratospheric during the 90s (my early years as a lawyer). I still feel like getting access to the information you need is not where it should be. In other words, I think there is still room for improvement in productivity by workers getting instant access to information they need
Many people will see you use the term lawyers and productivity in the same sentence and wonder.....
I believe that the productivity increases under Clinton would primarily be to the increase in the power of computers, computer networking and the internet. Its something of a conundrum that this productivity was largely a leap forward and not a sustained pattern.
The next large productivity gain will probably be achieved with automated cars and trucks. Unfortunately it will also, short term, create a lot of unemployment among displaced and poorly qualified people who currently drive for a living.
So there will be winners and losers and churn. And there will be productivity gain but probably there won't be age gains ... if you average out wages to include the newly unemployed..
Another problem is that most notable growth in the world is in things like green energy. China seems to be leading the way on this ... and hopes to be the supplier of the largest share of the worlds solar panels and wind turbines... If that's the case, and the economies of scale that will increase productivity will be felt in countries outside the US who are committed to those growth industries...