> Consumer spending as a share of US GDP moved from roughly 61% in 1980 to about 68% today. That’s a modest rise over four decades — and it has essentially plat

> Consumer spending as a share of US GDP moved from roughly 61% in 1980 to about 68% today. That’s a modest rise over four decades — and it has essentially plateaued since 2010. > This matters because it tells us something important: technology is not meaningfully expanding the total amount humans consume. It’s redistributing how we consume, and who profits from it. This is mathematically illiterate and appears to be central to the point.