[hyperpape]

Where are you getting your numbers? I've read that productivity growth was quite bad for most of the 2000s (you're right that 2016 was good). Also, you can't just write off decreased labor force participation by pointing to higher productivity, since many times in the 20th century, you had high labor force participation and high productivity growth.

P.S. Attacks on Krugman seem pretty non-responsive to what I said, but this is 1998, prior to Krugman's heavy involvement in partisan politics, an involvement which may not have made him more...careful.