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Politics : American Presidential Politics and foreign affairs

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To: TimF who wrote (26314)	2/22/2008 11:34:10 PM
From: J_F_Shepard	Read Replies (1) of 71588

From Cox and Alm... "At the average wage, a VCR fell from 365 hours in 1972 to a mere two hours today. A cellphone dropped from 456 hours in 1984 to four hours. A personal computer, jazzed up with thousands of times the computing power of the 1984 I.B.M., declined from 435 hours to 25 hours. " The authors attribute this change to international trade......BS...it's due to advances in microelectronics technology. In 1960, only one transistor was put on a chip, today billions are put on a chip....hence wafer productivity has driven costs down by at least 3 orders of magnitude....

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