How fast do people adopt technology?
Posted by philhardwick on August 1, 2008
The date in the first column is the year household penetration reached one percent; the second column date is when household penetration reached 50 percent:
Telephone 1890 1946 (56 years)
Radio 1923 1932 (9 years)
Television 1949 1954 (5 years)
Computer 1980 2000 (10 years)
Mobile phone 1989 2003 (14 years)
Internet 1981 2001 (10 years)
Source: Goldman Sachs economic research calculations based on Dept of Commerce data. US Economic Analyst, Issue 05/06 Feb 11,2005 as presented in a speech on April 17, 2008 by Jason Henderson of the Kansas City Federal Reserve The Power of Technological Innovation in Rural America.
ELMalvaney said
Doesn’t 1980 to 2000 (computer)= 20 years? Also, internet looks like it should be 20 years.
Just discovered your blog and am enjoying it.
philhardwick said
You are correct.
Many thanks!