Labour productivity vs wages doubled since the 1970s and the trend seems to be continuing. It was about 150% in 2000 so we can use Excel as as the benchmark.
This means that an accountant today can wait for Excel to load for 2 whole hours of their 8 hour shift, and still be as productive as an accountant from 20 years ago!
Isn't that amazing! Technology is so cool, and our metrics for defining economic success are incredible.
Labour productivity vs wages doubled since the 1970s and the trend seems to be continuing. It was about 150% in 2000 so we can use Excel as as the benchmark.
This means that an accountant today can wait for Excel to load for 2 whole hours of their 8 hour shift, and still be as productive as an accountant from 20 years ago!
Isn't that amazing! Technology is so cool, and our metrics for defining economic success are incredible.