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Tis the time to be thinking about the future, and one big question beyond 2021 is the prospects for technology. For background, here's the BLS measure of multifactor productivity — how economists (try to) measure the overall level of technology 1/
You can see the big slowdown beginning around 1973, the decade of IT-led growth from 1995 to 2005, and the Great Stagnation since then — when we were promised flying cars but got 280 characters instead (good line, even if Peter Thiel is loathsome) 2/
For what it's worth, I'm tentatively on the side of the techno-optimists 3/ https://noahpinion.substack.com/p/techno-optimism-for-the-2020s
Particularly impressed with bio-technology (vaccines!) and renewable energy 4/ https://ourworldindata.org/cheap-renewables-growth
If this is right, the Biden boom may go beyond a business cycle recovery. Let's hope 5/ https://www.nytimes.com/2020/11/19/opinion/joe-biden-economy.html
