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The Great Stagnation

Posted on 6/10/14 at 11:18 am
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 6/10/14 at 11:18 am
Anybody read this book? I picked it up yesterday. It's about America eating all the low hanging fruit of illegal labor, cheap land, innovative technology, and that it's run out. I don't know how to feel about this.
Posted by Walking the Earth
Member since Feb 2013
17260 posts
Posted on 6/10/14 at 11:33 am to
I don't think the innovative technology part has run out but that presents problems of its own.

What once took ten people can be done with five and soon can be done with three and many of the more "techy" companies simply don't need an army of people that older companies do/did.

It's a tough nut to crack.

Posted by DWaginHTown
Houston, TX
Member since Jan 2006
9877 posts
Posted on 6/10/14 at 11:36 am to
Is it about John?
Posted by LSURussian
Member since Feb 2005
126963 posts
Posted on 6/10/14 at 12:03 pm to
I read a book (forced to, not voluntarily) with a similar premise for an economics class (or finance, I forget which) back in college.

That was....ahem....a few years ago.

Same conclusions were drawn back then. We seemed to have done okay since then.
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