Yes, we have had 30 years or more of stagnant living standards for the many, and wealth has concentrated into the hands of the few. This is not the end state, however, just where we find ourselves at present.
Krugman reads Gordon’s The Rise And Fall Of American Growth
Stowe Boyd
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This may well be the trend for some time to come too. Not necessarily because of Gordon’s ‘stagnation’ but just the opposite: The wholesale elimination of human labor by increasingly intelligent automatons.