Technology Innovations: Powering or Pummeling the Economy?

June 5, 2010 at 9:57 am Leave a comment

Dan Wilson from the Federal Reserve Bank of San Francisco offers insights on technological innovation and what it means to today’s economy. Download his presentation at the University of Washington Economic Policy Research Center. In a nutshell he says there is a good, bad and ugly of tech innovation:

The Good

• Technological Innovations are key driver of productivity growth in U.S., which in turn is key driver of improved living standards in recent decades…

The Bad

• But…like all changes, technological change can be disruptive, entailing short-run adjustment costs…

The Ugly

• and reshuffling of economy’s winners and losers.

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Entry filed under: Economy, Technological Innovation, University of Washington. Tags: , , , .

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