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Why Productivity Lags, According To Alan Greenspan
Investors Business Daily ^ | 11/20/2016 | ROBERT J. SAMUELSON

Posted on 11/22/2016 2:55:00 AM PST by expat_panama

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To: wastoute

Mustangs were originally marketed TO girls, it was a sports car for women, they labeled it “a secretary car”.

There’s expectations but there’s also reality. And reality has some harsh things to say. Manufacturing is no longer by hand, it really doesn’t matter where we build stuff, manufacturing jobs (which have been plummeting world wide) aren’t going to be bouncing back dramatically. Disruptive technology will continue to be invented, but it’s not going to change the job landscape anymore, software was the last time a new industry was going to be invented, everything else is changing one job to a similar job with a different end product. And until something happens to cause demand to go up there is simply no reason for productivity to go up.


41 posted on 11/22/2016 11:04:57 AM PST by discostu (If you need to load or unload go to the white zone, you'll love it, it's a way of life)
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To: discostu

We’ll see what happens.


42 posted on 11/22/2016 11:11:57 AM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: wastoute

Reality is highly predictable. Just look at that chart that was posted to me. We’ve been on this path since 2002. Some parts of it we’ve been on even longer. Every day more more manufacturing is automated and fewer people are needed to produce more goods. Presidents don’t get to change the basic nature of reality.


43 posted on 11/22/2016 11:17:15 AM PST by discostu (If you need to load or unload go to the white zone, you'll love it, it's a way of life)
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To: FreedomPoster

When I first entered IT in my 40s, an Anderson (Accenture) consultant told me:

Always recommend what the shop doesnt have.

If it is centralized, recommend de-centralization. If it is de-centralized, then centralize it.

If they use many short iterations in development steer them to long waterfall iterations.

With each flip or iteration of a re-cycled act, give it a new name and pretend it is something really new and not the re-cycled past. Call it agile, call it Dev-Ops, call it cloud... all of which existed before I entered IT in ‘83.


44 posted on 11/22/2016 4:24:42 PM PST by spintreebob
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To: spintreebob

Sounds about right. And Accenture is still thanking their lucky stars they were separated from Andersen and forced to drop the Andersen name, though there was much caterwauling and gnashing of teeth at the time.

I went to a Cloud Computing local shindig 5-6 years ago where one of the speakers opened with “I’ve had a long and varied career in IT. First I was an Application Service Provider, then I provided Software As A Service, and now I do Cloud Computing.” He cracked up the room with that.


45 posted on 11/22/2016 4:41:05 PM PST by FreedomPoster (Islam delenda est)
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To: FreedomPoster

29 years ago IBM and Sears owned a cloud called Advantis with dozens of the Fortune 500 on it plus many small trading partners of the big guys. I loved it. I could go from consulting to Sears to Allstate to Discover to Spiegel to Northern Trust and back to all of them again and have access to both open source object code and open source source code.

But IBM and Sears were clueless what to do with what they had.


46 posted on 11/22/2016 5:20:02 PM PST by spintreebob
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