Geronimo 909 Wrote:
Jun 13, 2012 3:58 PM
Another phenomenon that occurred during the Clinton administration that everyone ignores is the high tech explosion. PCs were coming onto the scene and they gave all business a tremendous efficiency that is hard to quantify. Nearly every industry improved because of computers. We were able to produce more with less labor. That is what creates wealth! If one man can build 200 widgets and he used to build 100 widgets then he is worth more to his employer and will be paid more.