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kldg | 7 days ago
A bit OT, but I would love to see some different methods of calculating economic productivity. After looking into how BLS calculates software productivity, I quit giving weight to the number altogether and it left me feeling a bit blue; they apply a deflator in part by considering the value of features (which they claim to be able to estimate by comparing feature sets and prices in a select basket of items of a category, applying coefficients based on differences); it'll likely never actually capture what's going on in AI unless Adobe decides to add a hundred new buttons "because it's so quick and easy to do." Their methodology requires ignoring FOSS (except for certain corporate own-account cases), too; if everyone switched from Microsoft365 to LibreOffice, US productivity as measured by BLS would crash.
BLS lays methodology out in a FAQ page on "Hedonic Quality Adjustment"[1], which covers hardware instead of software, but software becomes more reliant on these "what does the consumer pay" guesses at value (what is the value of S-Video input on your TV? significantly more than supporting picture-in-picture, at least in 2020).
[1] https://www.bls.gov/cpi/quality-adjustment/questions-and-ans...
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