Techno-News Blog

October 25, 2012

Can Software Eat the Deficit?

Filed under: Uncategorized — admin @ 12:20 am

by WALTER FRICK, Technology Review

In Mark Andreessen’s words, software is “eating the world.” Everywhere you look, software is transforming industries, and increasing efficiency. Well, not everywhere. As Washington Post columnist Stephen Pearlstein noted in a recent piece, productivity gains have materialized in some areas more than others: While the income of both sets of workers has risen, more people are now employed in the service sector while fewer are making goods. Significantly, a big price gap has opened — the prices of goods are lower than they used to be while service prices are higher. Software can help reduce the deficit.

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