In this week when we are talking about growth can we ignore the fact that it is more difficult to grow than it has been. The US economy has been expanding wildly for two centuries. It is no longer growing, in fact the last seven years there has been a decline. Robert J. Gordon is among the most influential macroeconomists in the world.
From a recent Ted Talk, Gordon lays out 4 reasons US growth may be slowing, detailing factors like epidemic debt and growing inequality, which could move the US into a period of stasis we can’t innovate our way out of.
The opposing viewpoint from Erik Brynjolfsson on tomorrows blog.
