I love Ted Talks, and found one by Erik Brynjolfsson this afternoon. Brynjolfsson is the director of the MIT Center for Digital Business and is a research associate at the National Bureau of Economic Research.
His video presents a counter argument to Robert Gordon’s paper that we read in class (he also has a Ted Talk!). Brynjolfsson argues that productivity is “actually doing all right”, but that it has become “decoupled with jobs, and the income of the typical worker is stagnating”. He claims that this is being mistaken as the end of innovation, but is in fact the “growing pains” of the “new machine age”.
I’m not going to go into too much detail on what he says in the talk, but I recommend you all watch it! It’s a fantastic supplement to Gordon’s paper. Who do you all think makes a more sound argument?