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THE COMING PRODUCTIVITY BOOM - Technology …

Michael MandelBret SwansonTHE COMING PRODUCTIVITY BOOMT ransforming the Physical Economy with InformationMarch 2017 THE COMING PRODUCTIVITY boom Transforming the Physical Economy with InformationCONTENTSFOREWORD: Driving a PRODUCTIVITY boom that Benefits All Americans .. page 1 EXECUTIVE SUMMARY ..page 2 THE COMING PRODUCTIVITY boom : Transforming the Physical Economy with 4 PREVAILING VIEWS ON PRODUCTIVITY ..page 8 DEFINING THE DIGITAL VERSUS PHYSICAL 9 MAKING THE PHYSICAL ECONOMY PRODUCTIVE 10 Personal 10 Energy 12 Education and 13 Retail, Wholesale, and Distribution ..page 14 Manufacturing and the New IT Revolution ..page 18 OPTIMISTIC SIGNS IN THE 22 PROJECTING THE ECONOMIC 24 THE FUTURE OF JOB 25 PUBLIC POLICY ..page 26 Empowered People ..page 26 Innovation 27 Entrepreneurial Business Climate ..page 28 CONCLUSION .. page 30 APPENDIX: Projecting the Potential PRODUCTIVITY Gains from the New IT 31 NOTES for Prevailing Views on PRODUCTIVITY on page 35 COMING PRODUCTIVITY BOOMA bout the AuthorsMICHAEL MANDEL, , is chief economic strategist at the Progressive Policy Institute.

COMING PRODUCTIVITY BOOM About the Authors MICHAEL MANDEL, Ph.D., is chief economic strategist at the Progressive Policy Institute. He is also president of South Mountain Economics

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