Technology and Economic Growth in the Information Age
December 4, 2015
Cox and Alm's 1998 prediction that the coming years would see a dramatic increase in technology advancing the economy and improving everyday life for the average American has come true. The price tag for sending one trillion bits of information decreased from $150,000 to 17 cents in just 30 years, writes Stevi Knight, research associate at the National Center for Policy Analysis. Additionally, the ability for devices to network to other devices through the use of microchips, sensors and wireless communications capabilities holds limitless potential.
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