Modern-day inventors—even those in the league of Steve Jobs—will have a tough time measuring up to the productivity of the Thomas Edisons of the past.
That's because big ideas are getting harder and harder to find, and innovations have become increasingly massive and costly endeavors, according to new research from economists at the Stanford Institute for Economic Policy Research. As a result, tremendous continual increases in research and development will be needed to sustain even today's low rate of economic growth.Nicholas Bloom, a SIEPR senior fellow and co-author of the forthcoming paper, contends that so many game-changing inventions have appeared since World War II that it's become increasingly difficult to come up with the next big idea.
[...] Turning its focus to publicly traded companies, the study found a fraction of firms where research productivity—as measured by growth in sales, market capitalization, employment and revenue-per-worker productivity—grew decade-over-decade since 1980. But overall, more than 85 percent of the firms showed steady, rapid declines in productivity while their spending in R&D rose. The analysis found research productivity for firms fell, on average, about 10 percent per year, and it would take 15 times more researchers today than it did 30 years ago to produce the same rate of economic growth.
https://phys.org/news/2017-06-big-ideas-harder.html
[Source]: https://siepr.stanford.edu/news/productivity-ideas-hard-to-find
[Paper]: Are Ideas Getting Harder to Find?
Do you think that innovative ideas are hard to find ??
(Score: 3, Informative) by Pino P on Wednesday June 07 2017, @01:29AM (1 child)
Some ISPs are known to inject data into streams. Comcast, for example, has injected ads into HTML documents delivered through cleartext HTTP. HTTPS makes this sort of tampering trivial for your browser to detect. For this reason, several JavaScript features that are especially sensitive to tampering are available only on either HTTPS or localhost [chromium.org]. Now that Let's Encrypt offers free short-term certificates and SSLs.com offers cheap long-term ones, there's little reason not to run HTTPS for a public site.
But this has caused problems for operators of web servers on a private LAN [pineight.com], which often lack the fully-qualified domain name needed to qualify for a certificate.
(Score: 1) by lcall on Wednesday June 07 2017, @07:54PM
Good point; thanks. I'll raise the priority of this in my todos.