Economist Robert Gordon of Northwestern University has argued:

My interpretation of the [information] revolution is that it is increasingly burdened by diminishing returns. The push to ever smaller devices runs up against the fixed size of the human finger that must enter information on the device. Most of the innovations since 2000 have been directed to consumer enjoyment rather than business productivity, including video games, DVD players, and iPods. iPhones are nice, but the ability to reschedule business meetings and look up corporate documents while on the road already existed by 2003.

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If Gordon’s observations about the information revolution are correct, what are the implications for future labor productivity growth rates in the United States?


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