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Word: microchipping (lookup in dictionary) (lookup stats)
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...microchip has become--like the steam engine, electricity and the assembly line--an advance that propels a new economy. Its impact on growth and productivity numbers is still a matter of dispute, but not its impact on the way we work and live. This new economy has several features...

Author: /time Magazine | Title: ANDREW GROVE: MAN OF THE YEAR | 12/29/1997 | See Source »

...believes the microchip has repealed the business cycle or deleted the threat of inflation. But it has, at the very least, ended the sway of decline theorists and the "limits to growth" crowd, ranging from the Club of Rome Cassandras to more recent doomsayers convinced that America's influence was destined to wane...

Author: /time Magazine | Title: ANDREW GROVE: MAN OF THE YEAR | 12/29/1997 | See Source »

Driving all this is the microchip. The high-tech industry, which accounted for less than 10% of America's growth in 1990, accounts for 30% today. Every week a Silicon Valley company goes public. It's an industry that pays good wages and makes both skilled and unskilled workers more efficient. Its products cost less each year and help reduce the prices in other industries. That, along with the global competition that computers and networks facilitate, helps keep inflation down...

Author: /time Magazine | Title: ANDREW GROVE: MAN OF THE YEAR | 12/29/1997 | See Source »

...course the microchip, like every new technology, brings viruses. Increased reliance on technology has led to the threat of growing inequality and a two-tier society. Workers and students not properly trained will be left behind, opening the way for the social disruptions that accompanied the shift to the industrial age. At a time when they are most needed, schools have been allowed to deteriorate, and worker-training programs have fallen prey to budget austerity. For all the spending on computers and software ($800 billion in the U.S. during the past five years), the most obvious investment has not been...

Author: /time Magazine | Title: ANDREW GROVE: MAN OF THE YEAR | 12/29/1997 | See Source »

...Department antitrust tyro's first shot across Microsoft's bow (over the bundling of Windows 95 and Internet Explorer) served notice to Silicon Valley that there's a new, tech-savvy sheriff in town. Next in his scope: the looming battle over Windows 98 and a closer look at microchip colossus Intel...

Author: /time Magazine | Title: CYBERTECH: THE BEST CYBERTECH OF 1997 | 12/29/1997 | See Source »

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