We have witnessed to introduction of numerous new products that take advantage of the Internet. In theory they should have increased output per hour of work (productivity). That has not happened. It may have been a false hope or we may yet see the increases in productivity in the future. However, it would appear that all of the nonsense that is being published about a new economy based upon a highly skilled technical workforce has yet to be realized. Most of the work that gets done does not require a college education or advanced technical skills. Education may be more of a sorting mechanism than a specific skill production industry. In fact, higher education, except in professional schools, was never regarded as vocational training.
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