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This has been duly detected by Robert Gordon in his "Has the 'New Economy' rendered the productivity slowdown obsolete?".
But for this increased productivity to trickle down to the rest of the economy a few conditions have to be met.
The transition from old technologies to a new one (the computer renders many a technology obsolete) must not involve too much "creative destruction"...
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The costs of getting rid of old hardware, software, of altering management techniques or adopting new ones, of shedding redundant manpower, of searching for new employees to replace the unqualified or unqualifiable, of installing new hardware, software and of training new people in all levels of the corporation are enormous...
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The Solow Paradox
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