Thomas1195
Banned
Well, because the high growth of electrical, motor and chemical industries (actually Britain was catching up with US and Germany at a quite fast pace), was offset by the decay of staple industries like steel, shipbuilding, heavy engineering and textile.I think he can be quite sure, it's the sheds effect you see. All those men in sheds, sooner or later one is going to want to tinker with a new gadget, should it turn out to be a really good gadget he ends up head of the foremost company in the industry and is henceforth known as Sir Tinkerer. The effect not being fast is as Boonz suggested likely evidence that the productivity gains from new technologies were not all that great at least in the 20s and 30s.