Wednesday, November 25, 2015

Is Tech Accelerating? (part 3)

Productivity, energy usage, and a number of other factors can all be approached as a means of measurement when considering the rate of technological advancement. Yet even these yield less than quantifiable results because of the countless variables present in each. Productivity, for example, might be measured by examining prices, the result of supply and demand. However, supply and demand are influenced by an amalgam of changing variables among a complex assortment of different industries that fluctuate wildly in production levels. Another approach to measuring technological advancement is to measure processing power, but this, too, is flawed—while it is certainly more quantifiable in itself, it can only be used to measure growth in certain areas, such as information technology. Processing power has little relation with other technologies, and cannot be accurately used to determine increases in productivity throughout the world.

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