Productivity and the good life

U.S. Manufacturing Is Open for Business and Doing Well; Despite, Not Because of, Government Policy by Mark J. Perry. All good things; health, education, security, etc. are predicated on productivity. The greater one's productivity, the more likely one is to enjoy the range of good things in life.

In that context, this graphic is stunning. 60 years, two generations and a more than quadrupling in productivity. Life is good.

Notice the the inflection point circa 2000 as productivity from ERP systems and the internet begin to kick in. We are just at the beginning edge of that productivity cycle, i.e. I think we are just beginning to exploit the productivity gains made feasible by the web and by standard and pervasive ERP systems. Despite all the best efforts of advocacy groups and politicians to derail things, we have great prospects ahead of us. I hope.