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Technical Progress | Country-Level Productivity

The article by Chrustian Schubert titled “Technischer Fortschritt: Warum wir unproduktiv werden” discusses the paradox of increasing technological progress leading to perceived unproductivity in industrialized countries.

 


The article suggests that digital corporations are partly to blame for this stagnation. It argues that while these corporations drive technological innovation, they also contribute to a concentration of power and wealth, which can stifle competition and hinder productivity growth.

Furthermore, the article supports its argument with findings on the growing concentration of power in the economy between 1998 and 2019 in countries like Germany, France, and the United Kingdom.

In conclusion, the article presents a critical view of technological progress, arguing that while it brings about innovation, it also leads to economic concentration and perceived unproductivity in industrialized countries.

Credits

This post was generated using Bing Copilot (Microsoft, 2024). Accessed on February 14, 2024: https://www.bing.com/.


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