Link Between Technological Change and Productivity

The key issue highlighted is the lack of a strong link between technological advancements and productivity growth in recent times compared to the productivity gains seen in the late 1990s and early 2000s. While there is a significant focus on technology, it is not translating into substantial productivity improvements. This disconnect is emphasized by the observation that technological changes are impacting consumption more than production, leading to better consumption habits but not necessarily driving wealth creation through productivity enhancements.