Technology innovation is speeding up, not slowing down

Technology cynics think they have the killer argument, the proof that the rate of innovation has slowed down, this is why they could be very wrong.

Robert Gordon asks what would we rather have, flushable toilets or an iPhone?  No matter how attached we are to our smartphones, most of us would opt for the flushable toilet. Gordon is an economics professor at Northwestern University in Chicago, and he is what I call a technology cynic. Innovation isn't what it used to be, he suggests, because we have picked the low hanging fruit of potential innovation. His argument is encapsulated quite neatly by the flushable toilet versus smartphone debate.