From Silicon Valley Watcher:
Deloitte Center for the Edge has published its "Shift Index" for different industries and found that Silicon Valley and other tech companies have been unable to adapt to the digital infrastructure they have helped create.
Despite Silicon Valley and the tech industry having the highest labor productivity gains, this sector's return on assets (ROA) has fallen from 9.8% to 6% over the past 40 years.
Return on assets is a measure of how efficient management is in using assets to create earnings.
Deloitte says that the decline in ROA is "alarming." Only heavily regulated industries improved their ROA....MORE