The White House and many of the nation’s top economists agree that productivity growth which in recent years has been spurred by technology advances will continue in coming years.
But there is debate over just how technology has improved productivity; whether the gains have been confined to just technology manufacturers or have spilled over into other sectors; and whether they will endure in the wake of a steep downturn in the stock market and signs of a rapid economic slowdown.
Here are two examples of how innovative new technologies are helping particular industries raise productivity.
Source: Steve Liesman, Productivity Gains Extend Beyond Technology Area, Wall Street Journal, January 8, 2001.
For more on Productivity and Technology http://www.ncpa.org/pd/economy/econ9.html
