Exploring the Paradox of Slowing Growth and Technological Advancements

The simultaneous slowdown in economic growth and technological advancements is a paradox that deserves attention. While companies are facing a deceleration in growth without clear new acquisitions, the overall global growth trend has been on a downward trajectory. Despite the technological age, aggregate growth, including productivity, is declining compared to previous decades. The hope for AI to boost productivity and create new jobs is prevalent, but the reality may not align with these expectations. Furthermore, societal progress is not solely measured by economic indicators like GDP; health and life expectancy have shown improvement historically but are now facing challenges, particularly in developed countries like the United States.