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The "lags due to learning and adjustment" (lags) hypothesis explains the productivity paradox as the idea that output and productivity gains from investment in IT materializes well after the investment takes place, so any output and productivity observations of the 1970s and 1980s will not observe those gains.
Thousands of man-years of work was performed in a matter of hours by the bombe codebreaking machine during World War II. A contemporary example of technological unemployment is the displacement of retail cashiers by self-service tills and cashierless stores. That technological change can cause short-term job losses is widely accepted.
Firms may also choose to train current employees in the new technology or subsidize the education of new employees in the operation of the new technology. As such technological progress has an impact upon the labour market. [3] Technological progress has direct positive impacts upon human welfare. As a result of new technologies producers can ...
Productivity-improving technologies date back to antiquity, with rather slow progress until the late Middle Ages. Important examples of early to medieval European technology include the water wheel, the horse collar, the spinning wheel, the three-field system (after 1500 the four-field system—see crop rotation) and the blast furnace.
An example of a vision statement: The Carrington Public School System is committed to seeing students exercising self-control, being accountable, showing respect, actively learning, inquiring, discussing, questioning, debating, self-motivated, creating, connecting instruction to life, and reflecting and revising.
For example, the automobile was high technology with respect to the horse carriage. It evolved into technology and finally into appropriate technology with a stable, unchanging TSN. The main high-technology advance in the offing is some form of electric car —whether the energy source is the sun, hydrogen, water, air pressure, or traditional ...
Image source: The Motley Fool. American Express (NYSE: AXP) Q4 2024 Earnings Call Jan 24, 2025, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
Crowdsourcing, such as the means by which Wikipedia creates its articles, are an example of an entity with high turnover rates (e.g. a Wikipedian contributes only to one article at one time) that does not face impactful consequences due to the high scale of the collaborative work.