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You Are Here: Home > Articles > Economy > Happy Holidays from Information Age 2.0

Happy Holidays from Information Age 2.0
Dec 25, 2009

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Dr. Mark J. Perry

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The graphs above show what have to be historically unprecedented price decreases for any major innovation, technology, or a major consumer item (personal computers) over such a short period of time ever before in human history.

Advances like this in the great Information Age 2.0 happen so consistently but gradually month by month, year by year, that we hardly even ever appreciate, recognize or acknowledge how amazing the last 20 years have been in terms of information technology. If the 90% reductions took place instantly, it would probably be declared to be a miracle, but when it happens gradually over a decade or more, we take it for granted and even complain and whine about how things could be so much better?

From laptop computers, to high speed Internet access, to email, to LCD TVs, to GPS systems, to iPhones and Blackberrys, to digital cameras, to iPods and hundreds of other technology-related innovations, our lives are immeasurably and these graphs tell part of the story - the cost of information and information technology have never been cheaper and directly because of that, our standard of living has never been higher.
better than any time in history,

Merry Christmas and Carpe Diem!


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