The robot paradox

“You can see the computer age everywhere but in the productivity statistics,” remarked MIT economist Robert Solow in a 1987 book review. The quip became famous. It crystallized what had come to be called the productivity paradox — the mysterious softness in industrial productivity despite years of big corporate investments in putatively labor-saving information technology.

I think the time has come to start talking about the robot paradox. So let me offer a new twist on Solow’s words:

You ca...