Covid-19 disruption: Global PC market to decline 7{64b59ebe5d021e3d1a4c76bb383c4c6e386cbb0b941728e72ac88f445e6fc620} in 2020, says Canalys
The gap between what I pay for Google Maps and the value I get from it is called “consumer surplus,” and it’s Silicon Valley’s finest protection against the grim story told by the productiveness statistics. The argument is that we have broken our country’s productivity statistics because so many of our great new applied sciences are free or nearly free to the consumer. When Henry Ford started pumping out vehicles, individuals purchased his vehicles, and so their value confirmed up in GDP. Depending on the day you examine, the inventory market routinely certifies Google — excuse me, Alphabet — as the world’s most dear company, but few of us ever cut Larry Page or Sergei Brin a verify. When a grave-faced announcer on CNBC says “technology stocks are down today,” everyone knows he means Facebook and Apple, not …