We all currently live in the golden age of technology. Cell phones essentially double as a computer with the added bonus of being able to fit in the palm of our hands. At work, people are able to communicate with other workers and with their bosses almost immediately—exchanging correspondence without ever having to leave their desk. You would think that these massively helpful leaps in technology would assist modern workers in achieving their employment goals at an accelerated rate. But a new article from Boston.com begs to differ. Workers in this day and age are actually working at a much slower pace than those who held the same positions up to 17 years ago.
A study conducted by Wells Fargo has indicated that the influx of communication and information based technology isn’t proving to be as beneficial as one may think. It may actually be actively contributing to the decrease in productivity across multiple job fields. With the exception of the information industry (jobs which include journalism, technical support, and data processing) each of the industries listed on a graph provided by Wells Fargo show decreases in productivity. Some businesses, such as Waste Industries, show only a slight decrease. While others, such as Construction, show a wider berth. The report, which was released on July 6th, compared productivity growth charts from 1998-2003 to ones provided for 2004-2014. And while the reports indicated that, yes, there was still a margin of growth during the past decade or so—it evolved at a much slower rate than in previous years. Continue reading