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Some economists explain the gap in terms of technological progress, or a lack of it.
In terms of technological progress, there is a lack of interoperability standards for data exchange between applications, which prevents radical personalization.
Such sensitivity in terms of technological progress in relation to the incentive structure is quite important.
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"That decade is an eternity in terms of technological advancement," Mr. Becker said.
And what does that say about the future of this country, both in terms of technological and economic progress?
Implementation in this context confers challenges in terms of technological infrastructure, privacy and regulatory issues.
We err in translating improvements in individual well-being into predictions about the long-term effects of technological progress on society.
Yet, despite the protests of particular groups, the long-term benefits of technological progress have widely been seen to outweigh the short-term costs.
Bill Joy, cofounder of Sun Microsystems, in an article entitled 'Why the Future does not need us?' articulates deep concern about the long-term consequences of technological progress.
But especially in this age of technological progress, the tools of the trade are ever-evolving.
It's not in the nature of technological progress to let such inconsequential obstacles bar its advance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com