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Pastimes : All Clowns Must Be Destroyed
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To: KeepItSimple who wrote (29956)4/27/2000 7:47:00 PM
From: KyrosL  Read Replies (1) of 42523
 
<The fact remains that the productivity numbers use the MHZ of a cpu as the MAIN technology variable. This is simply insane. People are not 100 times more productive from 1982 when the average CPU speed was around 7 MHZ.>

What are you talking about ??? The hedonic pricing model for computers does not involve the work people do on computers. It only affects the worth of the computer itself. The model says that this year's computers are worth more than last year's because they are faster and have more memory. Since they cost about the same, the computer component of the CPI is negative and, incidentally, the productivity of computer manufacturing is higher.
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