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Every decade since the 1960s, Real (ie. non-financial) US GDP growth has slowed ( https://fred.stlouisfed.org/series/A191RL1Q225SBEA https://fred.stlouisfed.org
by CriticalSection 9y ago
Every decade since the 1960s, Real (ie. non-financial) US GDP growth has slowed ( https://fred.stlouisfed.org/series/A191RL1Q225SBEA https://fred.stlouisfed.org/series/A191RL1Q225SBEA ).
Industrial capacity utilization has been shrinking since the early 1970s. In the early 1970s, 88% of invested capital was utilized in production. Today that's less than 76%. So about a quarter of invested capital is sitting idle currently. ( https://fraser.stlouisfed.org/scribd/?toc_id=296052&filepath=/files/docs/publications/ERP/2012/2012_erp.pdf&start_page=378 https://fraser.stlouisfed.org/scribd/?toc_id=296052&filepath... ) ( https://www.federalreserve.gov/releases/g17/revisions/Current/table1b_rev.htm https://www.federalreserve.gov/releases/g17/revisions/Curren... )
Also in the US we've seen since the 1960s increasing debt percentage across households, corporations and governments, lower wages against different backdrops, and decreased capital re-investment as a percentage of GDP.
- sunshinerag 9y agoI wonder why the year 1970 keeps appearing as a turning point in a lot of these economic discussions. Did any event of significance happen around the 1970s?