>Obit writers for the great boom of 1995-2000 usually avert their eyes from
>the fact despite all the exuberance of those giddy years, in terms of growth
>of gross domestic product, of per capita GDP, wages and productivity the
>Nineties did worse than the Eighties and the Eighties worse than the
>Seventies.
I'm guessing Ace, as he was calling himself last year, cribbed this from Robert Brenner, who lurks here, but this isn't exactly true.
ANNUAL AVERAGE GROWTH RATES (U.S.)
GDP labor real hourly
per cap productivity wage 1900-10 2.5% 1.6% 1.3% 1910-20 0.0% 2.4% 2.7% 1920-30 1.4% 2.0% 1.4% 1930-40 2.0% 2.3% 1.7% 1940-50 4.1% 2.4% 2.5% 1950-60 1.6% 2.5% 2.7% 1960-70 2.9% 2.6% 1.7% 1970-80 2.1% 2.0% 0.2% 1980-90 2.3% 1.5% -0.8% 1990-2000 2.3% 1.9% 0.2%