Word: romers
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That said, Paul Romer, professor of economics at the Stanford Graduate School of Business and an expert in economic-growth theory, specifically warns against a "technological determinism"--a belief that technological progress will continue along a fixed trajectory regardless of the choices people make. He predicts that "the Internet will reshape society, but also that society will reshape the Internet through its decisions about taxation, antitrust policy, support for new types of standards organization, protection of privacy and intellectual property, and the regulation of bandwidth connections to the home...
Paradoxically, perhaps, at least some board members think the accelerated pace of business can lead to more leisure for workers--in about 15 years, says Varian. The reasoning: more work can be done in less time. Romer is unsure about leisure, but predicts another, generally beneficial aspect of the speedup. Faster economic growth will lead to higher wages, he says, and as a result, "the cost of people's time will be going up. That's a trend you can count on into the far future...
...Paul Romer, professor of economics at Stanford University, heartily agrees on the state of America's (and the Internet's) socioeconomic divide: "My guess is it's going to be just like internal combustion on the farm," he says. "If there isn't a change in investments in skills, it will actually widen...
...Romer-Friedman returned to campus in the fall fired up--but this time about more than football. With the help of a textile union, he and a group of friends pinpointed a factory in the Dominican Republic where workers earn just 69[cents] an hour making Michigan hats. They demanded that the university begin monitoring the production of Michigan clothing, which brought the school $5.7 million last year. In mid-March he and 29 classmates stormed into the university president's office. After a 51-hour sit-in, they emerged with a pledge by administrators to improve the conditions...
...organized labor. Since he took over the AFL-CIO in 1995, John Sweeney has brought labor's cause to campus, pouring more than $3 million into internships and outreach programs meant to interest students in careers as union activists. Indeed, it was summer stints at unions that first alerted Romer-Friedman and other students to the sweatshop issue...