[ckardat123]

What metric are you using for productivity growth per capita? The data I'm looking at shows around a 25% increase (inflation-adjusted) over the past 2 decades in the US.

Source: https://ourworldindata.org/grapher/labor-productivity-per-ho...

Intuitively, it certainly seems like humans are a lot more productive now than we were two decades ago with wider adoption of the internet

[imtringued]

People don't seem to understand that an increase in productivity can result in a concentration of economic activity. Remember group assignments in school? It is often easier to just do the entire work yourself to avoid the cost of coordination. One guy is then doing 80% of the work. The problems start, when it is about paid work. If one very productive guy gets to do the work of five, the employer is going to fire the other four. The government borrows money, so that the unspent savings of the over productive saver are used (oversimplification, saved money is dead and newly borrowed money replenishes the loss) to create jobs for the other four. Our inability to share work forces us to grow the economy to keep everyone busy at work.

[throw8383833jj]

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(real...

Look at North ameria: 2000 to 2010: 0.73% 2010 to 2018: 1.45% Eurozone is just under 0.7% to 1% for the last 20 years.

Keep in mind I'm projecting forward over the next 100 years. Developing countries have slightly higher growth rates of 1.5% but they will one day be a developed country too, if they keep "growing".

Also, keep in mind that the BLS CPI overstates CPI by 2% (according to shadowstats.org ~ and the BLS's own CPI from the 80s). So, this means that real producitivy is also overstated by 2% since.