Tuesday, March 29, 2011

What are the productivity impacts of...

How much productivity growth was there during 2007-2009?

Facebook and Netflix?

They consume how much of people entertainment time almost for free? This is a huge increase in consumer surplus being that otherwise people would likely have to pay for entertainment. Here is an example. If one drops cable at $1oo/month and gets Netflix for $10 as a replacement they are likely happier watching what they want when the want. I recommend the gems of Wire in the Blood, Davinci's Inquest, and Intelligence. All crime dramas. All awsome.

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