Until productivity increased in the United States, particularly during the s where productivity increased quite dramatically. However since , through the s and into the s productivity in the US has stopped increasing at such a rate; it has still increased, but not nearly so dramatically. This period has been precisely the time during which industry has heavily invested in information technology. Apparently the economic measures are telling us that implementing information technology has been worthless, it has hardly affected industries' ability to improve their productivity at all, indeed in some of the more pessimistic studies it is claimed that productivity has actually decreased with the implementation of information technology. Care needs to be taken with this paradox through. Just because productivity flattened out at the same time as implementation of information technology got under way does not imply cause and effect.
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Profitability and Capital Accumulation in U. Manufacturing: Sectoral Analysis. Megan C. Hays , Bucknell University Follow. Over the last few decades, there has been substantial economic research and scholarly debate in regards to economic growth, productivity, industrial concentration, business investment and the labor share, amongst other macroeconomic issues. Anemic GDP growth, the productivity paradox, and the current technological paradigm motivates this paper to find evidence for competing theories in the literature regarding the impact of the documented increase in industrial concentration that has recently occurred in the U.
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Worse, the results of these efforts have been paradoxical. The harder these companies pursue productivity, the more elusive it becomes. In the late s, after facing a severe loss of market share in dozens of industries, U. This effort to restore the productivity gains that had regularly been achieved for over 75 years has been extraordinary.
Perhaps we should start by first defining what IT really is. Therefore, whenever organizations choose to buy computers, databases, networks, software, or many other computer related materials, they are making an investment in IT. In fact, much of the evidence from the s to the s indicated otherwise.