Silicon Valley Has Not Saved Us From a Productivity Slowdown
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This New York Times article challenges the notion that technological advancements in Silicon Valley have led to increased productivity in the United States. The author argues that despite the rapid development of new technologies and the surge of innovation in Silicon Valley, overall productivity growth in the country has slowed down in recent years. The article examines various factors that contribute to this productivity slowdown, such as the decline of investment in research and development, the shift towards less productive sectors of the economy, and the difficulty of accurately measuring productivity gains in the digital era. The author concludes that despite the positive impact of technology on certain sectors and industries, it has not yet resulted in a widespread productivity revolution as some may have anticipated.