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by JumpCrisscross 1833 days ago
> the aforementioned corporations grew 500%-1000% in their profits and valuations since 2010. Meanwhile, the US productivity has grown by 4.7%. Had the SV tech been a clear net positive to the economy, the productivity growth would look different

This is not necessarily true. The American economy is huge. Sections can grow slowly, sections can grow fast, all adding value while the bulk grows moderately.

> When the tech/telecom was truly creating new value (1995-2005), the productivity growth was at 27% that decade

4.7% growth accumulates to close to 60% over ten years. (EDIT: I misread the original comment.)
1 comments
dukeyukey 1833 days ago
> 4.7% growth accumulates to close to 60% over ten years.

Sure, but I think OP meant productivity growth for the whole decade was 4.7%, not annually (though I'd like to see a source for that).

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JumpCrisscross 1833 days ago
> OP meant productivity growth for the whole decade was 4.7%

Fair enough. Real U.S. total factor productivity growth from 2009 to 2019 was 5.8%; from 1995 to 2005 12% [1].

[1] https://fred.stlouisfed.org/series/RTFPNAUSA632NRUG

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