It’s interesting to try to square the reality of very slow growth in developed economies with the widespread notion that we are living in a time of rapid technological change.
Also interesting is that there’s some precedent for this: British GDP growth (table 21 of this) was similarly anaemic during the (first) Industrial Revolution. The average growth rate didn’t even hit 2% until around the 1830s!
Also interesting is that there’s some precedent for this: British GDP growth (table 21 of this) was similarly anaemic during the (first) Industrial Revolution. The average growth rate didn’t even hit 2% until around the 1830s!