Will productivity growth return in the new digital era? An analysis of the potential impact on productivity of the fourth industrial revolution


  1. In this paper, we attempt to address this question by a semi-quantitative analysis of the prior productivity jump and its physical technological origins, and extending this analysis to the latent set of analogous digital technologies.
  2. Using this approach, we project that there will indeed be a second productivity jump in the United States that will occur in the 2028-2033 timeframe, when the aggregate of the of constituent technologies reaches the tipping point at 51% penetration.
  3. So, it is legitimate to question whether the productivity increase observed following the first and second industrial revolutions was a one-time aberration that will not be repeated in the new digital age.
  4. It is increasingly acknowledged that we are on the verge of the next technological revolution and the fourth industrial revolution, driven by the digitization and interconnection of all physical elements and infrastructure, and controlled by advanced intelligent systems.

Source: Link, 07951155

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s