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Statistics can hold brutal truths."productivity paradox" is often attributed to measurement problems or lags following the adoption of disruptive technologies.The voices of the vast majority of companies that are struggling to keep up with technological change (or actively resisting it) are going unheard.Across OECD countries, firms employing more than 250 workers account for just 7 percent of all active firms and employ less than 40 percent of the workforce.Similarly, an OECD study finds that the labor productivity gap between firms at the technological frontier and all other firms has been widening sharply over the last decade. Many of the advanced technologies one hears so much about in the media remain unexploited by a nontrivial share of companies, which suggests that we have a long wait before even the most revolutionary innovations start driving GDP.It has been said that general-purpose technologies like electricity and the personal computer tend to boost productivity not immediately, but around 25 years after their inception. Over the years, it has encountered strong resistance from small groups of well-organized taxi drivers who were never invited to gatherings of the global elite to contemplate the virtues of the platform economy.
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