Surely that meant that things were functioning better, more efficiently, more profitably. The only problem was, none of this seemed to show up in any of the official numbers. Economic output is easy to measure when you can count widgets coming off an assembly line. But when your “economic revolution” is built around thoughts and ideas, and the speedy new ways you’re connecting them all together, how do you quantify the value of those innovations? ATMs might mean fewer bank tellers had jobs; but think of the time saved by millions of consumers! How did one measure that?
