| It's interesting you cut out the "There’s plenty of papers showing exactly this." then pretended the rest is simply ignorant belief. > the businesses that won during the 2000-24 period (the so-called “tech” companies) were companies for which capex were well below average. First, it's odd that when discussing the point about total US worker productivity and capital expenditures, you somehow think a sector consisting of less than 1% of workers is evidence. And even on that claim you are incorrect. Here's the datasets for that period capex by industry [1]. You are demonstrably wrong by a large margin. I expect you to have some better sourced or more convincing data, otherwise it seems you're operating on belief, not evidence. If you want to try again, try looking at all workers, not cherry picked examples. > That's not “well known”, you're just saying the gospel Here's google scholar on the literature around this [2]. Go ahead and tell me again how this is not well known? Pretty much every paper and piece of empirical evidence on this points to the same reasons. [1] https://pages.stern.nyu.edu/~adamodar/New_Home_Page/dataarch... [2] https://scholar.google.com/scholar?hl=en&as_sdt=0,15&q=us+pr... |