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Don’t blame Rupert, it’s an AP story . . .

Published by Jake Allen October 30th, 2003 in Uncategorized


The economy grew at a scorching 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence.

There are several possible conclusions I could draw from this (good) news. Instead of praising the Bush Tax Cut (much) or low interest rates (which I highly favor, despite all the “inflation” rhetoric), I will merely mention with some optimism that technology is increasing worker productivity in this country, and we (as both persons and businesses) should make the necessary scientifc investment for our personal and professional productivity to grow even more. Are we lazy? No, we work harder than ever, even if we are glued to a chair and a computer screen.

We should do it for the children. Ha!

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2 Responses to “Don’t blame Rupert, it’s an AP story . . .”  

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  1. Gravatar Icon 1 gauche gauche Oct 30th, 2003 at 9:36 pm

    So … what do you say to the neo-luddite critique that, despite, or perhaps because of, all of our advancements in technology, all of our enhancements in productivity, that we’re working just as hard if not (as you suggest) harder now than we ever were, as a nation, that the dream of economic progress and of making lives better and easier has been a sham.

    Let me rephrase: a farmer works 12-14 hours a day, six days a week, three seasons out of the year. A middle-management executive works 60 hours a week all year round. Have we really come a long way, baby?

    I’m not sure, myself, to be honest, and I’d kinda like your thoughts.

  2. Gravatar Icon 2 jake jake Oct 31st, 2003 at 9:41 pm

    Our lives are easier and harder. (Tautological madness?)

    We invest more, and get more returns. We specialize more. Our recreation is more productive than sitting around a stove (although some may say that TV is worse . . .) And our work is more productive, since we no longer count pennies and save for common labor-saving devices such as a broom (people alive today actually saved money for weeks to go out and purchase a broom in their youth!). We don’t pinch pennies, we go out and impulsively buy a dirt-devil. And we work harder to pay for that Camry LS.

    We have come a long way, and their really is no going back.