The IT Revolution and European Employment

Walter Eltis
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Walter Eltis: Exeter College

Chapter 6 in Britain, Europe and EMU, 2000, pp 131-154 from Palgrave Macmillan

Abstract: Abstract The IT revolution has far-reaching implications. In 1975 it cost $1 million to purchase the hardware required to process 1 million instructions a second. Just twenty years later in 1995 this cost had fallen 50 000 times to $20 (Table 6.1). A degree of computer power which was restricted to medium-sized businesses a generation ago is now available to whole populations.

Keywords: Real Wage; Real Money; World Market Price; Capital Equipment; European Manufacturer (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97755-2_6

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DOI: 10.1057/9780333977552_6

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