Productivity growth. If you take rolling averages from this chart, it clearly demonstrate higher productivity growth before the adoption of software. This is a well established fact in econ circles.
I think this is a classic case of reading into specific arguments too deeply without understanding what they really mean in the grand picture. Few points to easily disprove this argument
- if it were true that software paradoxically reduces productivity, you can just start a competing company that doesn't use software. Obviously this is ridiculous - top 20 companies by market cap are mostly Software based. Every other non IT company is heavily invested in software
- if you might say the problem is it at the country level, it is obvious that every country that has digitised has had higher productivity and GDP growth. Take Italy vs USA for instance.
- if you are saying that the problem is even more global, take the whole world - the GDP per is still pretty high since the IT revolution (and so have other metrics)
If you still think there's something more to it, you are probably deep in some conspiracy rabbit hole
You don't have a counterfactual to suggest that it would have continued increasing had it not been for technology. Is there _any_ credible economist who suggests that we might have higher productivity without tech?
There is no counterfactual needed. Productivity growth has declined, despite the expectation that software would accelerate productivity. I'm asking you why this didn't happen.
Of course a counterfactual is needed, absent clear separation of causes and links to effects, neither of which the productivity metrics on their own establish. This is also widely known and talked about in econ circles in the face of this very data.
I'm not even proposing that growth would have been higher without "technology". I said information technology has not increased productivity growth compared to the past. This is an observation of fact.
What metrics are these?