{"id":54,"date":"2017-02-22T14:02:20","date_gmt":"2017-02-22T19:02:20","guid":{"rendered":"https:\/\/digital.hbs.edu\/platform-fgi\/submission\/2-do-we-have-a-growth-problem-economic-or-employment-or-both-why-or-why-not\/"},"modified":"2017-04-19T16:19:40","modified_gmt":"2017-04-19T20:19:40","slug":"2-do-we-have-a-growth-problem-economic-employment-or-both","status":"publish","type":"hck-submission","link":"https:\/\/d3.harvard.edu\/platform-fgi\/submission\/2-do-we-have-a-growth-problem-economic-employment-or-both\/","title":{"rendered":"2. Do We Have a Growth Problem \u2014 Economic, Employment or Both?"},"content":{"rendered":"<h1 style=\"text-align: center\"><strong>Do we have a growth problem \u2013 economic, employment or both?\u00a0\u00a0\u00a0\u00a0<\/strong><strong>\u00a0<\/strong><\/h1>\n<h1 style=\"text-align: center\">Why or why not\u00a0?<\/h1>\n<p>In his book <em>The Rise and Fall of American Growth<\/em>, Robert Gordon has famously claimed that we\u2019ve seen the end of ever-increasing innovation gains and the economic growth that attends them.\u00a0 Alternatively, in\u00a0<em>The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies<\/em>, Erik Brynjolfsson and Andrew McAfee\u00a0write that we\u2019re at the dawn of a new era where the full impact of digital technologies will drive profound economic and societal gains that enrich our lives.\u00a0 Who\u2019s right, and how can we tell?<\/p>\n<p>There is compelling data that can be interpreted to support either of these arguments.\u00a0Growth has remained stubbornly weak since the financial crisis, and real wages have stagnated for nearly four decades.\u00a0 Conversely, global poverty levels are estimated to be at the lowest levels in history, and traditional measures\u00a0of economic growth may overlook important technological advancements.\u00a0 Finally, with the advent of the sharing economy, robotics, automation, artificial intelligence, and more, it\u2019s unclear whether economic growth will continue to lead to employment growth. Oh, and the U.S. economy is nearing full employment\u2014at least according to the metrics we use to track employment.<\/p>\n<p>So: Do we have a growth problem? Why or why not? If we do, is\u00a0it economic, employment, or both?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do we have a growth problem \u2013 economic, employment or both?\u00a0\u00a0\u00a0\u00a0\u00a0 Why or why not\u00a0? In his book The Rise and Fall of American Growth, Robert Gordon has famously claimed that we\u2019ve seen the end of ever-increasing innovation gains and [&hellip;]<\/p>\n","protected":false},"author":9406,"featured_media":136,"comment_status":"open","ping_status":"closed","template":"","categories":[],"class_list":["post-54","hck-submission","type-hck-submission","status-publish","has-post-thumbnail","hentry"],"connected_submission_link":"https:\/\/d3.harvard.edu\/platform-fgi\/conversation\/conversations-on-the-capitalists-dilemma\/","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2. 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