Economic growth has been high for two centuries, since the first industrial revolution. Can there be an end to this? In a TED Talk posted on April 23rd, Northwestern University Economist Robert Gordon argued that we are witnessing the end of growth and he laid out four reasons why United States growth may be slowing, detailing factors like epidemic debt and growing inequality, which could move the US into a period of stasis not possible to innovate a way out of.
The speech is controversial but the arguments are interesting, and therefore we share it on the Bearing Wave. Click below to play.
The Death of Innovation, the End of Growth