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by lsd5you 5566 days ago
There are a number of issues with the article. Some work - any development of technology - can be second order. The workers output maybe constant but the productivity of the underlying product grows. In this sense comparing national to personal productivity is apples and oranges (or speed and acceleration).

Also I would argue we should not underestimate the bullshit economy and the effects it has on stealing productivity growth. Essentially extra capacity gets largely consumed by an increase to the size of the welfare state - an increase in welfare for both non-productive individuals and non-productive corporations.