Wednesday, October 14, 2015

"The most disruptive technology of the last century is in your house"

This was pretty much Robert Gordon's point.
From the WaPo's Wonkblog:
When people talk about "disruptive technologies," they're usually thinking of the latest thing out of Silicon Valley. Technologies like the smartphone, the computer and the Internet have, of course, dramatically changed the ways we live and work. But Max Roser, the researcher who runs the site Our World in Data, offered a great reminder yesterday that some of the most historically disruptive technologies aren't exactly what you would expect.
This fascinating chart shows the dramatic rise in ownership of basic home appliances through the 20th Century, as the arrival of electricity in the American home gave rise to a revolution in consumer goods. Here's another view of Roser's chart, which uses data from a paper by Greenwood, Seshadri and Yorukoglu in 2005....MUCH MORE