Lack of Demand Is the Economy’s Problem, Not Automation

Dean Baker is an economist and the co-director of the Center for Economic and Policy Research . He is on Twitter .

While we hear endless tales of driverless cars and robots displacing human workers, in the real world we are seeing the exact opposite. The last decade has been a period of extraordinarily low productivity growth. Productivity growth has averaged less than 1.1 percent annually from 2006 to 2016. This compares to almost 3.0 percent in the decade from 1995 to 2005 and also in the quarter century boom from 1947 to 1973. If we generated more demand through […]

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