Question: How would you explain the disconnect between the advances in technology described in the news clip and the pace of real GDP growth? Dear Silicon
How would you explain the disconnect between the advances in technology described in the news clip and the pace of real GDP growth?
Dear Silicon Valley: Forget flying cars, give us economic growth We have made enormous advances in computing technology. In Silicon Valley at Alphabet’s X labs, people are working on transformative technologies that include driverless cars, high-altitude balloons that deliver the Internet to remote regions of the world, self-navigating drones, and flying wind turbines tethered to a ground station. But despite today’s advances in technology, our economic growth rate has slowed.
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