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Suppose That the Introduction of Computers Increases the Productivity of Workers

question 157

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Suppose that the introduction of computers increases the productivity of workers in the developed world. What you would expect wages to do?


Definitions:

Sensory Overload

A condition where one or more of the body's senses experiences over-stimulation from the environment.

Dynamically Continuous Innovation

Refers to a moderate level of change in technology or product innovation that significantly alters, but does not make obsolete, existing products or consumer habits.

Discontinuous Innovation

A radical form of innovation that introduces a new concept or product that significantly changes consumer habits, market dynamics, or the industry landscape.

Consumption Patterns

The typical manner in which individuals or groups buy, use, and dispose of goods and services over time.

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