"So for example, if you look at the U.S., productivity growth mid-century or say between, you know, 1920, 1970, was maybe about 1.9% a year. Now most economists think it’s much lower, maybe around sort of .4% a year, something like that."
Isn't this just because the US was riding off of the coattails of two world wars and being _the_ global superpower? I wonder what the data says about the rest of the world in that period, probably not so good?
Isn't this just because the US was riding off of the coattails of two world wars and being _the_ global superpower? I wonder what the data says about the rest of the world in that period, probably not so good?