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Special report: The future is already working

New technology is driving growth

By Jim O Neill   May 2014

Computers used at a shale gas site in Washington: “the way in which technologies are applied to production processes is important”

© Keith Srakocic/ PA Images

Robert Gordon’s remarks in the April issue of Prospect outlined a pessimistic view of US growth. His theory about why US productivity has stagnated is fascinating and quite worrying. Persistent poor productivity levels (economic output relative to input) would imply that the United States is on course for very low rates of economic growth. I can imagine many pessimistically-inclined readers immediately jumping on Gordon’s…

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