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22: The case for optimism, with Cardiff Garcia

Onward, a Fundrise Production

CHAPTER

The Great Stagnation of Productivity Growth

productivity really didn't get unlocked or wasn't explosive productivity growth after the 90s. That was exported abroad through globalization by opening up the US market to China, a billion people in China came out of poverty. So there was tremendous productivity growth globally, but we didn't see the same share of that as we normally would before basically the rise of the East. But what you really need is productivity growth to climb all throughout the economy. And that includes services and not just goods.

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