"New Economy"= early sign of coming Singularity?

from the dismal-scientists-boggled dept.
From a widely-published Boston Globe story: "Greenspan's comments…indicated his strengthening conviction that a stunning surge in the productivity of U.S. workers will persist…ensuring that the longest-running expansion in U.S. history has no end in sight…[his] main point was about the world economy and the profound impact of technology and globalization…Economists said such strong gains in productivity are unusual, if not unprecedented." He compared the current situation to the railroads, which "helped elevate economic growth for a considerable period of time. But the pace of growth eventually slowed when full or near-full exploitation of the newer technologies was achieved." But will we stop seeing such gaps between newer technologies, as they arrive with increasing frequency?

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