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To: GraceZ who wrote (86210)	3/27/2001 1:36:48 PM
From: Mike M2	Read Replies (2) \| Respond to of 436258

Grace, I assume these technological advancements have reduced your costs of providing goods/services to your clients. Hopefully these gains would be reflected in your income. Mike

To: GraceZ who wrote (86210)	3/27/2001 1:45:02 PM
From: Earlie	Read Replies (2) \| Respond to of 436258

Grace: One also has to consider what those technology enhancements did to the "barriers to entry" to your photography business..... I would suspect they lowered the barriers dramatically...... which would impact one's margins and profits sooner or later. Perhaps customer loyalty is important in that business? Best, Earlie

To: GraceZ who wrote (86210)	3/27/2001 1:51:09 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 436258

>>My computer with Photoshop, Quark, high speed Internet connection and a website cut out about 7 steps and five professionals, at least four delivery boys and an offset printer for a large number of my clients. How would you go about measuring that kind of productivity enhancement?<< grace, you are confusing micro "productivity" with macro "productivity." on a micro level, you improved your productivity. you have not, given the information provided, shown that macro productivity has improved. macro productivity should be the gross revenues of the nation. if you cut out all those folks and maintained revenues then your contribution to macro productivity remained the same. macro productivity would require that the folks you released turn around and begin generating revenues elsewhere. add your revenues to their revenues and you have increased macro productivity (and gdp!). here's the problem, though. the increase in gdp outlined in the previous paragraph did not happen to the level geenspan expected. that is, there was no information technology miracle! there was no "new economy!" why? i believe the avg company that reduced costs also lost revenues due to increased lower cost competition. in order to regain the level of revenues they had to hire other folks in different positions... sales, marketing, customer support, etc... but, in the end, it does not matter. a good problem solver would try and find out why the results turned out so poorly. typical manipulative types just change the numbers. alan greenspan is no problem solver. therefore, he just changed the numbers. so, alan.com set out to manipulate and it miracle and claim a new economy... chain weighted dollars - the manipulation du jour: if faster computers were actually more productive than they would create more revenues! they don't, though. therefore, alan creates chain weighted dollars (read monopoly money is worth more) to boost productivity and gdp growth over 100%! talk about fuzzy math! btw, i hate it when folks manipulate numbers instead of resolve the root cause. why? b/c the only way to solve the problem is address it and not hide it.