In addition to the reasons you mentioned, there’s also empirical evidence that technological revolutions generally precede the productivity growth that they eventually cause. In fact, economic growth may even slow down as people pay costs to adopt new technologies. Philippe Aghion and Peter Howitt summarize the state of the research in chapter 9 of The Economics of Growth,
Although each [General Purpose Technology (GPT)] raises output and productivity in the long run, it can also cause cyclical fluctuations while the economy adjusts to it. As David (1990) and Lipsey and Bekar (1995) have argued, GPTs like the steam engine, the electric dynamo, the laser, and the computer require costly restructuring and adjustment to take place, and there is no reason to expect this process to proceed smoothly over time. Thus, contrary to the predictions of real-business-cycle theory, the initial effect of a “positive technology shock” may not be to raise output, productivity, and employment but to reduce them.
In addition to the reasons you mentioned, there’s also empirical evidence that technological revolutions generally precede the productivity growth that they eventually cause. In fact, economic growth may even slow down as people pay costs to adopt new technologies. Philippe Aghion and Peter Howitt summarize the state of the research in chapter 9 of The Economics of Growth,
Wow, yeah, that’s an excellent point.
EDIT: See e.g. this paper: https://www.nber.org/papers/w24001