Info Tech Growth

"Here's the deal. Gary and Wyatt...they created me on their...computer."
--Lisa (Weird Science)

Growth rates of various information technologies shown below. One takeaway is just how quickly some of these technologies moved up the curve toward maturity. It took radios and TVs decades. Smartphones reached an 80%+ usage rate in just a few years.

The other takeaway is that take-up rates of all these technologies are leveling out. On the upswing, info tech was a tremendous contributor to productivity improvement which, in turn, kept price inflation at bay.

Now that these technologies are maturing, their positive effect on productivity is declining and their brake on inflation goes away.