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Computers: Why the party’s over
Computer and semiconductor makers have been responsible for roughly one-quarter of the big jump in the US economy's productivity since 1995. The reason is simple: during the late 1990s, computer makers benefited from the constantly improving performance of microprocessors and other components, as well as extraordinary growth in demand.
The take-away: Now, however, the party is over for computer manufacturers. During the next few years, market saturation and the excessive IT investments of the late 1990s will likely retard the industry's productivity growth.
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