> Greater and greater value is being generated in the economy due to these increasing efficiencies.
This is very unclear and it depends on what measurements you look at. Lots of economists claim we've had historically low productivity growth in the last two decades - eg Total-Factor Productivity growth has been very low (~0.5%/year) every year since ~2005.
This is very unclear and it depends on what measurements you look at. Lots of economists claim we've had historically low productivity growth in the last two decades - eg Total-Factor Productivity growth has been very low (~0.5%/year) every year since ~2005.