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The IT Revolution and European Employment

In: Britain, Europe and EMU

Author

Listed:
  • Walter Eltis

    (Exeter College
    University of Reading)

Abstract

The IT revolution has far-reaching implications. In 1975 it cost $1 million to purchase the hardware required to process 1 million instructions a second. Just twenty years later in 1995 this cost had fallen 50 000 times to $20 (Table 6.1). A degree of computer power which was restricted to medium-sized businesses a generation ago is now available to whole populations.

Suggested Citation

  • Walter Eltis, 2000. "The IT Revolution and European Employment," Palgrave Macmillan Books, in: Britain, Europe and EMU, chapter 6, pages 131-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97755-2_6
    DOI: 10.1057/9780333977552_6
    as

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