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Reminded me of video terminals from DEC.....
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Posted by zeke (more from zeke) on Tue, 13 Jul 2004 07:38:16 Share Post by Email
In Reply to: Who's going to the VT 100 Aug. 7th???, Erika, Tue, 13 Jul 2004 07:11:32
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......I'm exposing my age here!.......I think the late '60's, early 70's, was a high point for high technology and manufacturing industry, here in the 'States. It's been all down-hill, since.
The reality of the expansion of the 1990s bears little resemblance to the official version. The claim that this was an 'extraordinary' boom is belied by the Government's own figures. In terms of the standard measures - growth of output, capital stock, labour productivity and wages, as well as the level of unemployment - performance in the supposedly sensational five-year period between 1995 and 2000 barely matched the levels achieved in the 25-year period between 1948 and 1973. The growth of labour productivity, the most important indicator of economic dynamism, was a full 20 per cent lower. Taking into account the whole business cycle of the decade from 1990 to 2000 and not just the five good years at the end, the average annual rate of growth of GDP per person was a meagre 1.6 per cent, compared to 2.2 per cent for the hundred-year period 1889-1989. Even by 2000, real hourly wages for production and non-supervisory workers were still palpably below, and the poverty rate above, their 1973 bests. Sorry, didn't mean to get so off topic - seeing the VT100 thread just got me thinking to how nice it was to have so many good manufacturing jobs and the stark contrast of today: no jobs, collapsing infrastructure, and the mad speculative rush to invest overseas rather than here at home.

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