The IMF data suggests that labors share was lower in 2015 than 40 years ago but it was higher than 10 years ago. The last ten years correspond to the time with extremely low interest rates.
Interest rates are still extremely low. Currently, there don’t seem to be many option to effectively invest capital. The economic data suggests that we aren’t living in a world where it’s easy to invest capital into automation in a way that produces a good return on that capital but we are rather living in the great stagnation.
The IMF data suggests that labors share was lower in 2015 than 40 years ago but it was higher than 10 years ago. The last ten years correspond to the time with extremely low interest rates.
Interest rates are still extremely low. Currently, there don’t seem to be many option to effectively invest capital. The economic data suggests that we aren’t living in a world where it’s easy to invest capital into automation in a way that produces a good return on that capital but we are rather living in the great stagnation.