Behind The Markets Podcast: Robert J. Gordon & Joel Mokyr
Behind the Markets Podcast
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The Digital Economy Is Changing Every Aspect of Our Lives
i think technology has changed every aspect of our lives, and to measure things as if we're still in wheat and steel economy strikes me as assentially very misleading. Living standards have been improving, i think, consistently. And just looking at real wage, you know, it worries me a great deal,. As bob well knows that the deflater really isn't it is biased towards the kind of growth that we can measure, and not the improvement and welfare that's actually taking place.
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