And according to
This continues a trend of economists who believe that the US economy is in structural decline, and will not escape sluggish growth for a long time to come.
The first chart shows that labor productivity slowed from 3.5% in the late '90's to under 1% today.
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Chart number 2 shows the decline in labor force participation, as the US' aging population continues to drop out of the the workforce.
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Chart 3 shows the slowdown in private capital accumulation, measured through net business investment as a share of GDP. According to the report, "This ratio fell to multi-decade lows in the wake of the Great Recession, and the rebound since has been tepid. Slower growth in capital accumulation today is a downside factor for productivity in future years."
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The final chart shows the decline in government investment in infrastructure. While 2009-10 stimulus supported government infrastructure, it has since "declined sharply as as state and local finances deteriorated."
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