"So if you compare Facebook and Twitter, which seem pretty cool, to electricity or the internal combustion engine, or the airplane, it’s just not that important.” by Neel Kashkari, President of the Federal Reserve Bank of Minneapolis.
“The things at which Google and its peers excel, from Internet search to mobile software, are changing how we work, play and communicate, yet have had little discernible macroeconomic impact. Productivity—the goods and services a worker produces in an hour—grew just 0.4% per year over the past five years…” by Greg Ip, reporter for the Wall Street Journal.
Courtesy of Wall Street on Parade.
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