> the person who said that obviously never checked on book and magazine and newspaper typesetting

That's one of the "everywheres" the author of the statement was talking about, which is the point - you could see every part of the economy seemingly improved, but it did not show up at the macroeconomic measurement level.

It was until the 2000s that computers caused an uptick in measured productivity at the GDP level, though.

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WillAdams 5 hours ago | parent [-]

The number of books being published has been steadily increasing for decades since computers became prevalent in typesetting --- is that not measurable?

Admittedly part of that is caused by the change in tax laws making it untenable for publishers to maintain a backlist.

	▲	jmalicki 4 hours ago \| parent [-]
		> is that not measurable? It was not on a level that nudges GDP growth for a long time. The irony is that maybe the productivity didn't increase until book publishing plummeted, since enabling a lack of physical books was a huge productivity win. This isn't a debate about whether industries improved. When you look at GDP, do you see an uptick in GDP or not? The original quote was often seen as a paradox. At least one major interpretation of the original quote is that "the computer revolution is so obviously helping the economy, that if it doesn't show up in GDP, is it even a meaningful measurement, and how can we fix that?" But it is very fitting to discuss that quote - the original article discusses multifactor productivity, the same relevant measurement, and earnings of the S&P 493. There are two ways to interpret it - is AI not increasing productivity, or are we not measuring productivity, and is there "dark matter" somewhere in the economy that is not being properly measured?